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3 Aug 2008

Indian stock market: Tata Steel weekly update Tips

1. Tata Steel has a resisitance at Rs 690 and as a trader one can go long in the stock if it starts trading above 691 levels. Stock is likely to face further resistances at Rs 720 and Rs 730.


2. Stock medium term outlook will turn positive only when stock starts trading above 731 levels. However it is noteworthy that stock will touch RS 620-575 levels if stock fails to break the barrier of 691 in the present week.

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