Trading strategy - Reliance, Sbi, Axis Bank, Icici Bank, Tatasteel - 24 July 2014

Reliance

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

The level 1040 is crucial for short term. Positional Traders, trade long above 1040 for a target of 1050. Trade short below 1040 for a target of 1020.

Intraday Trading Calls - 23 July 2014

Date 22/7/14, Time 10.24 - Buy Nifty Futures at 7780. Stop 7765. Target 7830. Loss 15 Points
                      Time 10.24 - Buy SBI @ 2557 Stop 2550. Target 2580. Loss 7 Rs
                      Time 11.32 - Buy SBI @ 2545 Stop 2540. Target 2580. Loss 5 Rs
                      Time 01.48 - Buy SBI @ 2520 Stop 2515. Target 2580. Profit 20 Rs 
                      Time 01.48 - Buy Nifty Futures at 7750. Stop 7740. Target 7830. Profit 45 Points