Trading strategy-Reliance, Sbi, Axis Bank, Icici Bank, Tatasteel- 2 March

Reliance

Today, 1015 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 900.

Short Term and Long term Technical View of GTL Infra

Short term trend is looking weak and it is likely to decline towards 35 levels in coming months if it fails to move above 46. Instead, if it moves above 46, then it is likely to rally towards 55.

In the long term if it fails to move below 30, then it is likely to test 55 in another 1 year.