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10 Jan 2010

Hot Share Tips | BSE NSE Tips | Tisco and SBI | 11-16 Jan

Tata Steel is in uptrend and thus stock can achieve the target of Rs 693 in the short-term. Thus likely Support for the stock exists near 615-585. As a strategy one can exit all longs if the level of Rs 614 is broken on the lower side.As a strategy one should go long in the stock only when stock moves above the level of Rs 660 with volumes.

One can avoid trading in State bank of India as stock is facing resistance and if the level of Rs 2400 is not broken than the stock can fall to the level of Rs 2,250 - Rs 2,204. One can go long when stock closes above the level of Rs 2,400 for achieving the target of Rs 2,500.

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