Tisco is in downtrend and thus stock can fall to the levels of Rs 431-Rs 393. As a strategy one should go long in this stock only once share starts trading above the level of Rs 491. In medium-term share is likely to move in the range between Rs 320-Rs 500. Thus if stock is not able to cross above the level of Rs 461; one has to make sure that one exits this stock.
Money Making Tip: SBI
State Bank of India is in down trend and thus stock can fall to level of Rs 1650. One should go long only if it is able to cross above the level of Rs 1900. One must exit all longs if stock breaks the level of Rs 1499. Presently stock is struck in a range of Rs 1,500 and Rs 2,000 for few more trading sessions.
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