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5 Dec 2010

Trading Tips for Tata Steel to Make Money | 06-11 Dec 2010

Tata steel is showing a sideways consolidation and once it is able to cross past 630 decisively, only than one can see a real movement in the stock. One can see stock touching the levels of 650 provided it sustains above 630 level. Crossing of 650 level means stock is heading to 700 levels.

However if stock fails to move above the level of 630 than be prepared for a fall to the levels of 580-550. Do remeber to use the stop loss in this trading strategy.

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