Trading strategy - Reliance, Sbi, Axis Bank, Icici Bank, Tatasteel - 01 December 2014

Reliance

Today, 980 the crucial intraday level. Trade long above that level and trade short below that level in the intraday.

The level 980 is crucial for short term. Positional Traders, trade long above 980 for a target of 1000. Trade short below 980 for a target of 970.

ACC is heading towards 1900 - 29 November 2014

A major correction was terminated for this scrip at 911 at the month of August 2013. From there, the scrip is in bull market. Now it is trading in a upward channel and at present it is ready for another rally towards the upper end of the channel which has a target of 1900-2000 range. In the downside, the scrip is close to its support of 1350. One can buy this scrip at current levels for a target of 1900 with a stop at 1350. And the target can be achieved with in 3 to 6 months.