Monday, March 08, 2010

Trading strategy-Reliance, Sbi, Axis Bank, Icici Bank, Tatasteel- 8 March

Reliance

Today, 1005 is the crucial intraday level. Trade long above that level and trade short below that level.

The level 1005 is crucial for short term. Positional Traders, trade long above 1005, for a target of 1050. Trade short below 1005 for a target of 900.

Nifty Futures - Intraday and Positional Trading Levels, 8 March

Today, 5125 is the crucial Intraday Level for Nifty Futures.
If Nifty Futures sustains below 5125, then it could test 5095 and below that level it could test 5070.
Instead, if Nifty trades above 5125, then it could test 5180.