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18 Jan 2009

Excellent Short Strategy Indian Share | Tata Steel | 19 Jan - 24 Jan

1. Tata steel is moving above the levels of its 50 DMA which is a positive sign and thus unless the level of Rs 189 is not conclusively broken one should not short this stock as it has strong support at the level of Rs 198-Rs 190. If stock remains above the level of Rs 190 than the stock can target the level of Rs 250.

2. If the level of Rs 189 is broken than the stock can fall to the level of Rs 150 which gives an excellent short opportunity for the day traders.

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