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20 Dec 2009

Stocks to Buy | Stocks to Sell | Tata Steel | 21-26 Dec


Tata Steel is showing an uptrend and is moving against the general trend of the market. Thus stock can rise to the levels of Rs 600-Rs 636. However a stiff resistance will be seen at level of Rs 600. Thus if you are a short term trader than one can book profit near Rs 600 level where it encounters resistance.

As a strategy one can be long in the stock till the level of Rs 530 is not breached on the lower side. Any breach of this level means that stock can fall to the level of Rs 490-Rs 430.

Thus if you are a long term investor than you can be long in the stock till the time stock does not breach the levels of 429.


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