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28 Jun 2009

Stocks to Sell | Indian Stock Market Tips | SBI, Tisco | 29-04 July

Stocks to Sell

SBI has a negative outlook for medium-term and thus the moment this stock breaks 1600 levels one will see stock achieving levels of Rs 1,559-Rs 1,436- Rs 1,400. However in its uptrend journey share faces resistance at Rs 1,780-Rs 1,815. Thus keep an eye on the level of Rs 1781 because if this level is not broken than stock can fall to the level of Rs 1,612-Rs 1,560. As a strategy one should go long in this stock only when the same trades above the level of Rs 1,815.

Indian Stock Market Tips

Tisco has to move above Rs 460 level which is a key resistance for the stock. Thus one should go long only above this level. However if stock is not able to sustain above 380 than it can fall to the levels of Rs 365 and Rs 340. Key resistances for Tata Steel during the week are Rs 427 and Rs 455.

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