Trading strategy and intraday tips -Reliance, Sbi, Axis Bank, Icici Bank, Tatasteel- 25 August 2010

Reliance

Today, 975 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, 2855 is the crucial intraday level. Trade long above that level and trade short below that level.

The level 2855 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, 1375 is the crucial intraday level. Trade long above that level and trade short below that level.

The level 1400 is crucial for short term. Positional Traders, trade long above 1400, for a target of 1430. Trade short below 1400 for a target of 1340.

Icici Bank

Today, 1005 is the crucial intraday level. Trade long above that level and trade short below that level.

The level 1005 is crucial for short term. Positional Traders, trade long above 1005, for a target of 1020. Trade short below 1005 for a target of 940.

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 555. Trade short below 520 for a target of 490.