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28 Sept 2008

Indian stock trading strategy for Tata Steel

1. Present trend of Tata steel is weak and can thus target the lower level of Rs 441 and if 439 level is broken than it can head for Rs 400-389-369 levels.

2. TISCO enjoys a support with in a band of Rs 441 and Rs 499.

3. TISCO enjoys resistance at 501-541 levels and one can only go long this stock if it starts trading above the level of rs 521 as till than the trend in the stock is weak.

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