Thursday, April 22, 2010

Trading strategy-Reliance, Sbi, Axis Bank, Icici Bank, Tatasteel- 22 April

Reliance
Today, 1040 is the crucial intraday level. Trade long above that level and trade short below that level.

The level 1040 is crucial for short term. Positional Traders, trade long above 1040, for a target of 1070. Trade short below 1040 for a target of 980.

SBI
Today, 2070 is the crucial intraday level. Trade long above that level and trade short below that level.

The level 2070 is crucial for short term. Positional Traders, trade long above 2070, for a target of 2150. Trade short below 2070 for a target of 2020.

Axis Bank
Today, 1250 is the crucial intraday level. Trade long above that level and trade short below that level.

The level 1250 is crucial for short term. Positional Traders, trade long above 1250, for a target of 1280. Trade short below 1250 for a target of 1190.

Icici Bank
Today, 940 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 990. Trade short below 940 for a target of 890.

Tata Steel
Today, 660 is the crucial intraday level. Trade long above that level and trade short below that level.

The level 660 is crucial for short term. Positional Traders, trade long above 660, for a target of 700. Trade short below 660 for a target of 630.