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15 Nov 2009

Share Market Tips India | Day trade to Success | Tata Steel | 16-20 Nov

Tata Steel is presently consolidating and is in uptrend for the short term.

However a word of caution is that the medium trend for the stock is down and in canse it is not able to move past the levels of Rs 529' than it can fall to the levels of Rs 420-40 levels.

If the stock is able to move past the level of Rs 530 than it can target the levels of Rs 560-Rs 660 over the medium-term.

As a strategy for this share one can hold the stock with stoploss as Rs 490 as thereafter slid an take the stock to Rs 470 levels.

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