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

Reliance

Today, 970 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 1140. Trade short below 1040 for a target of 970.

SBI

Today, 2255 is the crucial intraday level. Trade long above that level and trade short below that level.

The level 2255 is crucial for short term. Positional Traders, trade long above 2255, for a target of 2350. Trade short below 2255 for a target of 2200.

Axis Bank

Today, 1220 is the crucial intraday level. Trade long above that level and trade short below that level.

The level 1220 is crucial for short term. Positional Traders, trade long above 1220, for a target of 1320. Trade short below 1220 for a target of 1190.

Icici Bank

Today, 890 is the crucial intraday level. Trade long above that level and trade short below that level.

The level 890 is crucial for short term. Positional Traders, trade long above 890, for a target of 940. Trade short below 890 for a target of 850.

Tata Steel

Today, 560 is the crucial intraday level. Trade long above that level and trade short below that level.

The level 560 is crucial for short term. Positional Traders, trade long above 560, for a target of 600. Trade short below 560 for a target of 520.