Trading strategy-Reliance, Sbi, Axis Bank, Icici Bank, Tatasteel, 10 February

Reliance

Today, 1015 is the crucial intraday level. Trade long above that level and trade short below that level.

The level 1015 is crucial for short term. Positional Traders, trade long above 1015, for a target of 1050. Trade short below 1015 for a target of 940.

Sell Nifty Futures with stop at 4850 Target 4580, 9 Feb

For the Past three trading sessions since 5 th February, Nifty is trading in expanding pattern. Since the down legs are forming low bottoms, it is forming a bearish expanding pattern. Nifty is likely to decline towards 4600 in another 2 or 3 three trading sessions if it doesnt move above 4850 in coming trading sessions.