Trading strategy-Reliance, Sbi, Axis Bank, Icici Bank, Tatasteel- 08 June 2010

Reliance

Today, 1025 is the crucial intraday level. Trade long above that level and trade short below that level.

The level 1025 is crucial for short term. Positional Traders, trade long above 1025, for a target of 1050. Trade short below 1025 for a target of 975.

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 2320. Trade short below 2280 for a target of 2200.

Axis Bank

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

The level 1210 is crucial for short term. Positional Traders, trade long above 1210, for a target of 1250. Trade short below 1210 for a target of 1130.

Icici Bank

Today, 860 is the crucial intraday level. Trade long above that level and trade short below that level.

The level 860 is crucial for short term. Positional Traders, trade long above 860, for a target of 880. Trade short below 860 for a target of 800.

Tata Steel

Today, 490 is the crucial intraday level. Trade long above that level and trade short below that level.

The level 490 is crucial for short term. Positional Traders, trade long above 490, for a target of 520. Trade short below 490 for a target of 450.