Friday, March 26, 2010

Trading strategy-Reliance, Sbi, Axis Bank, Icici Bank, Tatasteel- 26 March

Reliance

Today, 1055 is the crucial intraday level. Trade long above that level and trade short below that level.

The level 1055 is crucial for short term. Positional Traders, trade long above 1055, for a target of 1130. Trade short below 1055 for a target of 1000.

Thursday, March 25, 2010

Nifty - Technical Outlook and Intraday Trading Levels, 25 March

Today, 5220 is the crucial intraday level for Nifty.
If Nifty sustains below 5220, then it could test 5180.
Instead, if Nifty trades above 5220, then it could test 5260.

Short term Technical View of Nifty

For the short term, the level 5180 is crucial. If it sustains below this level, then it is likely to test 5100. Instead, if it trades above 5180, then it is likely to test 5280.