Trading strategy-Reliance, Sbi, Axis Bank, Icici Bank, Tatasteel

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 1120, for a target of 1140. Trade short below 1100 for a target of 1050.

Short term and Long term Technical View of DLF, 19 January

The Stock made an all time high of 1225 in 2008 January. Since then, it is trading below that level. In February 2009, it made an all time low of 124. From 124, it rallied to test a high of 490 in October 2009. Currently it is trading around 390.