Tuesday, March 30, 2010

Trading strategy-Reliance, Sbi, Axis Bank, Icici Bank, Tatasteel- 30 March

Reliance

Today, 1095 is the crucial intraday level. Trade long above that level and trade short below that level.

The level 1095 is crucial for short term. Positional Traders, trade long above 1095, for a target of 1130. Trade short below 1095 for a target of 1055.

Monday, March 29, 2010

Nifty - Technical Outlook and Intraday Trading Levels, 29 March

Today, 5270 is the crucial intraday level for Nifty.
If Nifty sustains below 5270, then it could test 5220.
Instead, if Nifty trades above 5270, then it could test 5310.

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 5100. Instead, if it trades above 5180, then it is likely to test 5310.