Wednesday, April 07, 2010

Trading strategy-Reliance, Sbi, Axis Bank, Icici Bank, Tatasteel- 7 April

Reliance

Today, 1140 is the crucial intraday level. Trade long above that level and trade short below that level.

The level 1140 is crucial for short term. Positional Traders, trade long above 1140, for a target of 1170. Trade short below 1140 for a target of 1040.

SBI
Today, 2150 is the crucial intraday level. Trade long above that level and trade short below that level.

The level 2150 is crucial for short term. Positional Traders, trade long above 2150, for a target of 2230. Trade short below 2150 for a target of 2070.

Axis Bank
Today, 1185 is the crucial intraday level. Trade long above that level and trade short below that level.

The level 1185 is crucial for short term. Positional Traders, trade long above 1175, for a target of 1220. Trade short below 1175 for a target of 1130.

Icici Bank
Today, 970 is the crucial intraday level. Trade long above that level and trade short below that level.

The level 940 is crucial for short term. Positional Traders, trade long above 940, for a target of 1010. Trade short below 940 for a target of 890.

Tata Steel
Today, 650 is the crucial intraday level. Trade long above that level and trade short below that level.

The level 650 is crucial for short term. Positional Traders, trade long above 645, for a target of 710. Trade short below 650 for a target of 600.