Trading strategy-Reliance, Sbi, Axis Bank, Icici Bank, Tatasteel-22 February 2010

Reliance

Today, 1005 is the crucial intraday level. Trade long above that level and trade short below that level.

The level 1005 is crucial for short term. Positional Traders, trade long above 1005, for a target of 1050. Trade short below 1005 for a target of 940.

Nifty - Technical Outlook and Intraday Trading Levels, 19 Feb

Today, 4840 is the crucial intraday level for Nifty.

If Nifty sustains below 4840, then it could test 4770.

Instead, if Nifty trades above 4840, then it could test 4880. 

Short term Technical View of Nifty

For the short term, the level 4950 is crucial. If it sustains below this level, then it is likely to test 4400. Instead, if it trades above 4950, then it is likely to test 5050.