Monday, March 22, 2010

Trading strategy-Reliance, Sbi, Axis Bank, Icici Bank, Tatasteel- 22 March

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 1130. Trade short below 1065 for a target of 1030.

Friday, March 19, 2010

Nifty - Technical Outlook and Intraday Trading Levels, 19 March

Today, 5220 is the crucial intraday level for Nifty.
If Nifty sustains below 5220, then it could test 5170.
Instead, if Nifty trades above 5220, then it could test 5280.

Short term Technical View of Nifty

For the short term, the level 5180 is crucial. If it sustains below this level, then it is likely to test 5000. Instead, if it trades above 5180, then it is likely to test 5350.