Trading strategy and intraday tips -Reliance, Sbi, Axis Bank, Icici Bank, Tatasteel- 4 January 2011

Reliance

Today, 1065 is the crucial intraday level. Trade long above that level and trade short below that level.

The level 1065 is crucial for short term. Positional Traders, trade long above 1065, for a target of 1085. Trade short below 1065 for a target of 1040.

SBI

Today, 2800 is the crucial intraday level. Trade long above that level and trade short below that level.

The level 2800 is crucial for short term. Positional Traders, trade long above 2800, for a target of 2860. Trade short below 2800 for a target of 2680.

Axis Bank

Today, 1380 is the crucial intraday level. Trade long above that level and trade short below that level.

The level 1380 is crucial for short term. Positional Traders, trade long above 1380, for a target of 1420. Trade short below 1380 for a target of 1230.

Icici Bank

Today, 1145 is the crucial intraday level. Trade long above that level and trade short below that level.

The level 1145 is crucial for short term. Positional Traders, trade long above 1145 for a target of 1175. Trade short below 1145 for a target of 1080.

Tata Steel

Today, 685 is the crucial intraday level. Trade long above that level and trade short below that level.

The level 685 is crucial for short term. Positional Traders, trade long above 685, for a target of 700. Trade short below 685 for a target of 655.