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9 Dec 2008

Indian stock Market tips and strategy for bluechip stocks: 10 Dec 2008

1. TISCO can be held as stock is likely to target the level of Rs 220 in short term with a stop loss as 189 as thereafter it can fall to 150 levels again. Steel stocks likely to see action after Sep 2009.

2. ONGC is presently in a bearish mode. One should add this stock only when it starts trading above 700 level. Resistance is Rs 715, 765 and support is Rs 640, 623,600,570.

3. ICICI bank has support at the level of Rs 285-300 and resistance at Rs 490.

4. Reliance resistance is Rs 1165,1215 and support is Rs 1030 and 990.

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