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6 Jan 2008

TATA Steel Update

1. Tata Steel has consolidated through out the week and has moved with in a trading range of 914-949.

2. It appears that the stock is taking a breather before advancing on its upward journey. Stock has to decisively close above 951 to target 1040 target.

3. Long term investors can exit the stock below 859 levels and short term investors can exit the stock on stock breaking 899 levels.

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