Trading strategy-Reliance, Sbi, Axis Bank, Icici Bank, Tatasteel- 16 June 2010

Reliance

Today, 1050 is the crucial intraday level. Trade long above that level and trade short below that level.

The level 1050 is crucial for short term. Positional Traders, trade long above 1050, for a target of 1090. Trade short below 1050 for a target of 975.

SBI

Today, 2350 is the crucial intraday level. Trade long above that level and trade short below that level.

The level 2350 is crucial for short term. Positional Traders, trade long above 2350, for a target of 2380. Trade short below 2350 for a target of 2250.

Axis Bank

Today, 1255 is the crucial intraday level. Trade long above that level and trade short below that level.

The level 1255 is crucial for short term. Positional Traders, trade long above 1255, for a target of 1290. Trade short below 1255 for a target of 1205.

Icici Bank

Today, 845 is the crucial intraday level. Trade long above that level and trade short below that level.

The level 845 is crucial for short term. Positional Traders, trade long above 845, for a target of 880. Trade short below 845 for a target of 800.

Tata Steel

Today, 495 is the crucial intraday level. Trade long above that level and trade short below that level.

The level 495 is crucial for short term. Positional Traders, trade long above 495, for a target of 510. Trade short below 495 for a target of 470.