Trading strategy and intraday tips -Reliance, Sbi, Axis Bank, Icici Bank, Tatasteel- 12 August 2010

Reliance

Today, 1010 is the crucial intraday level. Trade long above that level and trade short below that level.

The level 1010 is crucial for short term. Positional Traders, trade long above 1010, for a target of 1090. Trade short below 1010 for a target of 960.

SBI

Today, 2640 is the crucial intraday level. Trade long above that level and trade short below that level.

The level 2665 is crucial for short term. Positional Traders, trade long above 2665, for a target of 2700. Trade short below 2665 for a target of 2560.

Axis Bank

Today, 1305 is the crucial intraday level. Trade long above that level and trade short below that level.

The level 1340 is crucial for short term. Positional Traders, trade long above 1340, for a target of 1370. Trade short below 1340 for a target of 1260.

Icici Bank

Today, 1000 is the crucial intraday level. Trade long above that level and trade short below that level.

The level 1000 is crucial for short term. Positional Traders, trade long above 1000, for a target of 1050. Trade short below 1000 for a target of 930.

Tata Steel

Today, 525 is the crucial intraday level. Trade long above that level and trade short below that level.

The level 525 is crucial for short term. Positional Traders, trade long above 525, for a target of 555. Trade short below 525 for a target of 490.