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24 Aug 2008

Has Tata position strengthened post Singur?

1. TISCO is a bouquet of flowers among umbrella of TATA group equity stake and thus investors always keep an eye on this stock. Tata group has strengthened post Singur episode and an increased interest in its stocks is being seen world wide.

2. TISCO is likely to see a bearish phase in short term and thus it can target the levels of Rs 550 and Rs 530 levels.

3. If price for equity breaks past the level of Rs 601 than stock can target the levels of Rs 650-700 levels.

4. Medium term trend for stck is sideways and one can become bullish on stock once3 it crosses past 700 level with volume.

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