Trading strategy and intraday tips -Reliance, Sbi, Axis Bank, Icici Bank, Tatasteel- 16 November 2010

Reliance

Today, 1070 is the crucial intraday level. Trade long above that level and trade short below that level.

The level 1070 is crucial for short term. Positional Traders, trade long above 1070, for a target of 1105. Trade short below 1070 for a target of 1050.

SBI

Today, 3160 is the crucial intraday level. Trade long above that level and trade short below that level.

The level 3160 is crucial for short term. Positional Traders, trade long above 3160, for a target of 3250. Trade short below 3160 for a target of 3000.

Axis Bank

Today, 1535 is the crucial intraday level. Trade long above that level and trade short below that level.

The level 1535 is crucial for short term. Positional Traders, trade long above 1535, for a target of 1560. Trade short below 1535 for a target of 1440.

Icici Bank

Today, 1245 is the crucial intraday level. Trade long above that level and trade short below that level.

The level 1245 is crucial for short term. Positional Traders, trade long above 1245 for a target of 1290. Trade short below 1245 for a target of 1170.

Tata Steel

Today, 625 is the crucial intraday level. Trade long above that level and trade short below that level.

The level 625 is crucial for short term. Positional Traders, trade long above 625, for a target of 650. Trade short below 625 for a target of 590.