Trading strategy-Reliance, Sbi, Axis Bank, Icici Bank, Tatasteel- 27 April

Reliance

Today, 1040 is the crucial intraday level. Trade long above that level and trade short below that level.

The level 1040 is crucial for short term. Positional Traders, trade long above 1040, for a target of 1140. Trade short below 1040 for a target of 980.

Long Term Technical Outlook of Infosys, 26 April 2010

Infosys Technologies which saw a big bull market from 1998 to 2000 is one of the few stocks which managed to move past its 2000 high in the next bull market which started around 2003.



Infosys had topped in 2007 before the Index topped in 2008. Since it has a tendency to top out before Index for the past two tops in 2006 and 2008, it is likely to top out before Index in this current rally also.