Trading strategy and intraday tips -Reliance, Sbi, Axis Bank, Icici Bank, Tatasteel- 5 May 2011

Reliance

Today, 960 is the crucial intraday level. Trade long above that level and trade short below that level in the intraday.

The level 960 is crucial for short term. Positional Traders, trade long above 960 for a target of 990. Trade short below 960 for a target of 915.

SBI

Today, 2540 is the crucial intraday level. Trade long above that level and trade short below that level in the intraday.

The level 2620 is crucial for short term. Positional Traders, trade long above 2620, for a target of 2680. Trade short below 2620 for a target of 2540.

Axis Bank

Today, 1200 is the crucial intraday level. Trade long above that level and trade short below that level in the intraday.

The level 1200 is crucial for short term. Positional Traders, trade long above 1200, for a target of 1275. Trade short below 1200 for a target of 1150.

Icici Bank

Today, 1040 is the crucial intraday level. Trade long above that level and trade short below that level in the intraday.

The level 1040 is crucial for short term. Positional Traders, trade long above 1040 for a target of 1090. Trade short below 1040 for a target of 990.

Tata Steel

Today, 605 is the crucial intraday level. Trade long above that level and trade short below that level.

The level 605 is crucial for short term. Positional Traders, trade long above 605, for a target of 630. Trade short below 605 for a target of 570.