Trading strategy and intraday tips -Reliance, Sbi, Axis Bank, Icici Bank, Tatasteel- 16 May 2012

Reliance

Today, 680 is the crucial intraday level. Trade long above that level and trade short below that level in the intraday.

The level 680 is crucial for short term. Positional Traders, trade long above 680 for a target of 690. Trade short below 680 for a target of 650.

SBI

Today, 1860 is the crucial intraday level. Trade long above that level and trade short below that level in the intraday.

The level 1860 is crucial for short term. Positional Traders, trade long above 1860, for a target of 1900. Trade short below 1860 for a target of 1730.

Axis Bank

Today, 990 is the crucial intraday level. Trade long above that level and trade short below that level in the intraday.

The level 990 is crucial for short term. Positional Traders, trade long above 990 for a target of 1015. Trade short below 990 for a target of 950.

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 840. Trade short below 810 for a target of 760.

Tata Steel

Today, 420 is the crucial intraday level. Trade long above that level and trade short below that level.

The level 420 is crucial for short term. Positional Traders, trade long above 420 for a target of 435. Trade short below 420 for a target of 390.