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6 Oct 2008

Best Indian stock trading strategy for Tata Steel

1. Tata steel is nearing its long term support level and thus one must watch crucial supports which exists at Rs 390-370-333. If the level of Rs 369 is breached than the stock is likely to touch the level of Rs 300. 

2. As a strategy one can go for buying in this stock only if the level of Rs 501 is breached on the closing basis. 

3. As a short going strategy one can short the said stock if the level of Rs 369 is broken

4. Tisco has to encounter resistance at Rs 460 - Rs 510 levels in its upward move journey.

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