Trading strategy and intraday tips -Reliance, Sbi, Axis Bank, Icici Bank, Tatasteel- 22 May 2012

Reliance

Today, 705 is the crucial intraday level. Trade long above that level and trade short below that level in the intraday.

The level 705 is crucial for short term. Positional Traders, trade long above 705 for a target of 720. Trade short below 705 for a target of 670.

SBI

Today, 2020 is the crucial intraday level. Trade long above that level and trade short below that level in the intraday.

The level 2020 is crucial for short term. Positional Traders, trade long above 2020, for a target of 2050. Trade short below 2020 for a target of 1900.

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 1020. Trade short below 990 for a target of 900.

Icici Bank

Today, 825 is the crucial intraday level. Trade long above that level and trade short below that level in the intraday.

The level 825 is crucial for short term. Positional Traders, trade long above 825 for a target of 785. Trade short below 825 for a target of 835.

Tata Steel

Today, 410 is the crucial intraday level. Trade long above that level and trade short below that level.

The level 410 is crucial for short term. Positional Traders, trade long above 410 for a target of 420. Trade short below 410 for a target of 370.