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8 Feb 2009

Day Trading Tips for Indian Companies | TISCO, SBI | 09 - 13 Feb

Free Stock Market Trading Tips: Tisco

1. Tisco is presently in down trend and can fall to the levels of Rs 146-Rs 129. Stock has to move above the level of Rs 203 on weekly closing basis to show an uptrend.

2. One must exit this stock if it falls below 145 on closing basis. It appears as per the charts that the stock is likely to be range bound between Rs 140 - Rs 250 for a few more coming months.

National Stock Exchange Share Trading Tips:SBI

3. SBI is showing a weak trend in shorter time frame and as a result share can fall to the price of Rs 1,030 - Rs 990. It has a strong resistance at Rs 1180 which is its 200-day moving average and one can turn positive on stock only once it closes above the level of Rs 1,201. Stock is likely to trade in a band between Rs 1,000 - Rs 1,400. As a strategy one can buy near 1000 levels and book profit in any rally.

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