1. Tata steel is at a key support level where it took rest in 2005. Stock is likely to witness another support level at Rs 275 if the decline continues.
2. As a strategy one can short the said steel industry stock if stock breaks the level of Rs 274 as than stock can head for the level of Rs 160.
3. Short term trend for stock is negative and thus one should not not subscribe to Tata Motors rights issue as its fortunes to a great extent is also linked to Tata Steel.
12 Oct 2008
Tata Steel latest investment strategy and update about rights issue
Tata Steel latest investment strategy and update about rights issue
2008-10-12T01:12:00+05:30
Analyst
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