Trading strategy and intraday tips -Reliance, Sbi, Axis Bank, Icici Bank, Tatasteel- 17 August 2010

Reliance

Today, 985 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 1000 for a target of 950.

SBI

Today, 2845 is the crucial intraday level. Trade long above that level and trade short below that level.

The level 2845 is crucial for short term. Positional Traders, trade long above 2845, for a target of 2880. Trade short below 2845 for a target of 2670.

Axis Bank

Today, 1340 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 1260.

Icici Bank

Today, 965 is the crucial intraday level. Trade long above that level and trade short below that level.

The level 985 is crucial for short term. Positional Traders, trade long above 985, for a target of 1005. Trade short below 985 for a target of 940.

Tata Steel

Today, 530 is the crucial intraday level. Trade long above that level and trade short below that level.

The level 530 is crucial for short term. Positional Traders, trade long above 530, for a target of 555. Trade short below 530 for a target of 490.