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

Longterm Technical View of Chinese Index, shanghai Composite (SSEC)

The Shanghai Stock Exchange Composite Index has been in a bull Market since 2003 and it is likely to top out in mid of 2010. The correction in 2008 could be taken as a bull market correction and the present rally since 2009 can be taken as the final rally of this bull market.