Trading strategy - Reliance, Sbi, Axis Bank, Icici Bank, Tatasteel - 25 August 2014

Reliance

Today, 1005 the crucial intraday level. Trade long above that level and trade short below that level in the intraday.

The level 1005 is crucial for short term. Positional Traders, trade long above 1005 for a target of 1025. Trade short below 1005 for a target of 950.

Short term trend in Wipro is Bullish - 23 August 2014

Wipro has fallen from 610 level in February and made a low at 475 in May. From 475 level, it is in a rally. While falling, it made a gap at 590 level in April. The present rally is likely to move towards 590 to 610 in the short term. Investors can buy this stock at 555 level, with a stop at 540, for a target of 590-610 levels by september end.

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