Trading strategy-Reliance, Sbi, Axis Bank, Icici Bank, Tatasteel- 29 June 2010

Reliance

Today, 1100 is the crucial intraday level. Trade long above that level and trade short below that level.

The level 1100 is crucial for short term. Positional Traders, trade long above 1100, for a target of 1140. Trade short below 1100 for a target of 1050.

SBI

Today, 2320 is the crucial intraday level. Trade long above that level and trade short below that level.

The level 2320 is crucial for short term. Positional Traders, trade long above 2320, for a target of 2450. Trade short below 2320 for a target of 2250.

Axis Bank

Today, 1255 is the crucial intraday level. Trade long above that level and trade short below that level.

The level 1255 is crucial for short term. Positional Traders, trade long above 1255, for a target of 1290. Trade short below 1255 for a target of 1190.

Icici Bank

Today, 880 is the crucial intraday level. Trade long above that level and trade short below that level.

The level 880 is crucial for short term. Positional Traders, trade long above 860, for a target of 920. Trade short below 860 for a target of 840.

Tata Steel

Today, 490 is the crucial intraday level. Trade long above that level and trade short below that level.

The level 490 is crucial for short term. Positional Traders, trade long above 490, for a target of 520. Trade short below 490 for a target of 470.