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29 Jun 2008

Free steel industry shares update: Tata steel

1. The trend for tata steel has turned negative and one can initiate short positions in the stock till the level of 796 is not breached on the higher side and same can be kept as a stop loss. However one must see that the stock is trying to make some come back or not and if it remains below 761 for the first few days in the coming week than one can definitely short the stock.


2. If its support of 709 is broken then the chances of stock touching the level of 601 becomes high.

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