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20 Jul 2008

Indian stock: Tata Steel Update

1. Tata Steel is also in bear grip and one can see the stock touching the levels of Rs Rs 575 or Rs 557 in the time to come.


2. However if stock moves above 600 level then one can see stock touching the levels of 629-Rs 660.

3. As a strtegy one should go long only if stock moves above the price level of Rs 662. For medium term one can classify its trend as sideways but stock on breach of 557 level can see level of Rs 500 as stock has penetrated its long-term trend line.

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