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15 Feb 2009

Indian stock market investing Tips | Tata Steel and Infosys | 16 Feb- 20 Feb

1. A strategy for Tata Steel exists for buying near the level of Rs 150 and keep booking profit near 200 levels.

2. Tisco has stiff resistance near the level of Rs 202-212-225 and support for the stock exists near Rs 180-165. Overall the verdict for the stock is a sideways movement.

3. Infosys has support at tkhe level of Rs 1,220 and Rs 1,160. One can use these levels as a shorting strategy. Stock is presently in bearish zone.

4. Infosys needs to move beyond the level of Rs 1301 to be able to target the level of 1450-1500 which will also act as the resistances. Stock is likely to be range boud between Rs 1,050 and Rs 1,400 in medium term.

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