Trading strategy and intraday tips -Reliance, Sbi, Axis Bank, Icici Bank, Tatasteel- 7 May 2012

Reliance

Today, 725 is the crucial intraday level. Trade long above that level and trade short below that level in the intraday.

The level 725 is crucial for short term. Positional Traders, trade long above 725 for a target of 740. Trade short below 725 for a target of 680.

SBI

Today, 1990 is the crucial intraday level. Trade long above that level and trade short below that level in the intraday.

The level 1990 is crucial for short term. Positional Traders, trade long above 1990, for a target of 2050. Trade short below 1990 for a target of 1800.

Axis Bank

Today, 980 is the crucial intraday level. Trade long above that level and trade short below that level in the intraday.

The level 980 is crucial for short term. Positional Traders, trade long above 980 for a target of 1000. Trade short below 980 for a target of 900.

Icici Bank

Today, 810 is the crucial intraday level. Trade long above that level and trade short below that level in the intraday.

The level 810 is crucial for short term. Positional Traders, trade long above 810 for a target of 830. Trade short below 810 for a target of 760.

Tata Steel

Today, 440 is the crucial intraday level. Trade long above that level and trade short below that level.

The level 440 is crucial for short term. Positional Traders, trade long above 440 for a target of 455. Trade short below 440 for a target of 415.