Monday, May 24, 2010

Trading strategy-Reliance, Sbi, Axis Bank, Icici Bank, Tatasteel- 24 May

Reliance
Today, 1000 is the crucial intraday level. Trade long above that level and trade short below that level.

The level 1000 is crucial for short term. Positional Traders, trade long above 1000, for a target of 1040. Trade short below 1100 for a target of 960.

SBI
Today, 2280 is the crucial intraday level. Trade long above that level and trade short below that level.

The level 2280 is crucial for short term. Positional Traders, trade long above 2280, for a target of 2350. Trade short below 2280 for a target of 2200.

Axis Bank
Today, 1180 is the crucial intraday level. Trade long above that level and trade short below that level.

The level 1180 is crucial for short term. Positional Traders, trade long above 1180, for a target of 1220. Trade short below 1180 for a target of 1130.

Icici Bank
Today, 850 is the crucial intraday level. Trade long above that level and trade short below that level.

The level 850 is crucial for short term. Positional Traders, trade long above 850, for a target of 870. Trade short below 850 for a target of 810.

Tata Steel
Today, 520 is the crucial intraday level. Trade long above that level and trade short below that level.

The level 520 is crucial for short term. Positional Traders, trade long above 520, for a target of 550. Trade short below 520 for a target of 475.

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