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13 Sep 2009

Indian Share Market Tips: SBI and Tata Steel |14-18 Sep

Tata Steel is having positive uptrend and thus stock can target the level of Rs 496-Rs 508 in the near-term. Thus as a strategy one can be long in this stock till the time the level of Rs 447 is not broken. If the level is broken than the stock can fall to the levels of Rs 360.

SBI levels to be watched are 1,899 and 1951 and if either of these levels is broken one will see a one sided move. If the level of Rs 1899 is broken than one can see stock falling to the level of Rs 1,840-Rs 1,795-Rs 1,500 and if stock moves above te level of Rs 1951 than stock can rise to the levels of Rs 1,990-Rs 2,075.

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