Trading strategy and intraday tips -Reliance, Sbi, Axis Bank, Icici Bank, Tatasteel- 2 December 2010

Reliance

Today, 980 is the crucial intraday level. Trade long above that level and trade short below that level.

The level 980 is crucial for short term. Positional Traders, trade long above 980, for a target of 1005. Trade short below 980 for a target of 930.

Bull Market, Bear Market and Scams

It is a routine for the scams to break out when the present sector, which is in bull Market, starts seeing a Bear Market.

The Reality,Power, Infra sector which was in a extended bull market since 2006 to 2008, never participated in 2009 to 2010 rally in a big way. These sectors were underperforming when compared to Nifty.

Under performance of these sectors will lead to locking of huge speculative funds that we were came inside on seeing a bull market in these sectors. When they get struck, lot of scams and frauds will come in future.