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9 Nov 2008

Can Tisco buck recession prevalent world wide?

1. If you are a long term investor and have been intending to buy Tata Steel than one should enter in this stock only if it closes above the level of Rs 281. If stock closes above the level of Rs 281, than it can target the level of Rs 350. Stock is likely to remain in bear grip for time being and thus as a short term strategy one can short the stock on its closing below the level of Rs 175 where it can fall to the level of Rs 150-135 levels.

2. TISCO enjoys support at the level of Rs 179 and if stock gets into bull hands than it can target the level of Rs 235-Rs 275.

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