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26 Apr 2009

Best Multibagger Stock Tips of India | Tata Steel, SBI

1. Tata Steel technically as per the chart and indicators is appearing to be weak and stock is likely to witness short-term resistance at Rs 275. Stock appears to move sideways for some time before giving a breakout.

2. As a strategy one can short this stock if the level of 275 is broken as thereafter the stock can target level of Rs 240-215. However if stock is able to sustain above the level of Rs 277 than it can target levels of Rs 297-Rs 341 and one need to keep Rs 341 level under watch as it is also its 200 DMA. High risk investors can exit if the level of Rs 232 is broken.

India Stock Tip: SBI

3. SBI has a strong resistance at Rs 1351 level. As a strategy one can go long in the stock if the stock is able to move beyond this resistance than it can target level of Rs 1,433-Rs 1,577.

4. One can be positive on the trend of this stock till the time stock do not break below level of Rs 1099.

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