Trading strategy and intraday tips -Reliance, Sbi, Axis Bank, Icici Bank, Tatasteel- 6 August 2010

Reliance

Today, 1010 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 970.

SBI

Today, 2665 is the crucial intraday level. Trade long above that level and trade short below that level.

The level 2665 is crucial for short term. Positional Traders, trade long above 2665, for a target of 2700. Trade short below 2665 for a target of 2585.

Axis Bank

Today, 1325 is the crucial intraday level. Trade long above that level and trade short below that level.

The level 1340 is crucial for short term. Positional Traders, trade long above 1340, for a target of 1370. Trade short below 1340 for a target of 1290.

Icici Bank

Today, 950 is the crucial intraday level. Trade long above that level and trade short below that level.

The level 930 is crucial for short term. Positional Traders, trade long above 930, for a target of 975. Trade short below 930 for a target of 875.

Tata Steel

Today, 525 is the crucial intraday level. Trade long above that level and trade short below that level.

The level 525 is crucial for short term. Positional Traders, trade long above 525, for a target of 555. Trade short below 525 for a target of 490.