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

Reliance

Today, 785 is the crucial intraday level. Trade long above that level and trade short below that level in the intraday.

The level 785 is crucial for short term. Positional Traders, trade long above 785 for a target of 800. Trade short below 785 for a target of 745.

SBI

Today, 2045 is the crucial intraday level. Trade long above that level and trade short below that level in the intraday.

The level 2045 is crucial for short term. Positional Traders, trade long above 2045, for a target of 2090. Trade short below 2045 for a target of 1975.

Axis Bank

Today, 1060 is the crucial intraday level. Trade long above that level and trade short below that level in the intraday.

The level 1060 is crucial for short term. Positional Traders, trade long above 1060 for a target of 1080. Trade short below 1060 for a target of 980.

Icici Bank

Today, 970 is the crucial intraday level. Trade long above that level and trade short below that level in the intraday.

The level 970 is crucial for short term. Positional Traders, trade long above 970 for a target of 990. Trade short below 990 for a target of 925.

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 390.