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26 Jul 2009

Indian Share Tips to Make Money ~ 26-31 July

Tisco has short-term resistance at Rs 436 able if the share is able to move past the level of 437 than stock can rise to the levels of Rs 460-Rs 496-Rs 550 in the short-term. One must exit the stock if stock breaks the level of 396 as thereafter stock can fall to level of Rs 373 and Rs 330.

State bank of India is oscillating between range of Rs 1,650-Rs 1,750 and thus a indecision is prevalent in the stock. This Indian stock has resistance at Rs 1,731- Rs 1,781. If the said levels are not broken on the upside than one can see resumption of the medium-term down-trend and can see stock falling to the levels of Rs 1,490 or Rs 1,410. One should go long only if stock closes above Rs 1,781. Thus as a strategy one can short the stock if stock falls below the level of Rs 1,660-Rs 1,610.

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