1. Tisco despite delivering good results last week in form of 43% rise in sales and 50% increase in net profit could not save itself from bear hammering as it lost 28% last week. May be its due to other income and the fact that it has to tackle the concern of reduced steel demand world wide to ensure its profitability.
2. Tata steel has support at Rs 156-Rs 136-Rs 100. However stock is on verge of showing a reversal as stock is highly oversold and high volumes indicate towards a bottom for the stock. However bear pressure was heavy in last week which is a cause of concern.
3. As a strategy one can buy this stock as and when it trades above the level of Rs 301.
26 Oct 2008
Safe Buying Strategy for Indian Stock
Safe Buying Strategy for Indian Stock
2008-10-26T18:34:00+05:30
Analyst
Shares tip India|
Subscribe to:
Post Comments (Atom)
MOST POPULAR POSTS AS CHOSEN BY 12 LAKH READERS & SUBSCRIBERS WORLDWIDE