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8 Mar 2009

Stock market investing | Strategy for Tata Steel | 09-13 Mar

1. Tisco has shown a rally and thus it can target the levels of Rs 170 or Rs 184 in the coming week which is a truncated week due to two trading holidays.

2. Stock market investing makes sense if one is able to invest as per the prevailing trend. Thus as a trader one needs to carefully monitor this stock hovering near the levels of Rs 145 which is a key support for the stock.

3. However one can be positive on the stock only once the stock starts trading above the level of Rs 185.

4. As a short term strategy for day traders one can initiate short positions in the stock once it falls below the level of Rs 144 and if this level is broken than stock can fall to the level of Rs 137- Rs 110.

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