Tisco is showing some strength in short term time frame and thus the stock can rise to the levels of Rs 490-Rs 520 in coming days. One should go long only when the stock crosses above the level of Rs 491. However if the resistance at Rs 490 is not broken than one is likely to see stock fall to the levels of Rs 420-Rs 390.
As a long term investment, if the stock moves above the level of Rs 501, than one is likely to witness stock moving to the levels of Rs 557-Rs 650.
Intra day trading tips: SBI
State bank of India is in short term uptrend and thus stock can show movement towards its resitance at Rs 1,902-Rs 2,045 in the near-term. As a strategy one can buy this stock till the time the stock trades above the level of Rs 1,670 as stock can thereafter target levels of Rs 1,900 - Rs 2,000- Rs 2,395. However if the level of Rs 1669 is broken than one is going to see stock fall to the level of Rs 1,620.
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