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31 Jan 2010

Indian Stock Tips | Shares Tips | Tisco and SBI | 01-05 Feb


Tata Steel is in down trend as stock has moved below crucial level of Rs 614 and if it remains so in the coming days than one can see stock touching the levels of Rs 536-Rs 524. In case stock is able to sustain above the level of Rs 595 than it can target the level of Rs 621. Thus as a strategy one can be short in the stock till the time it remains below Rs 579 levels as thereafter it can touch the levels of Rs 450.

SBI has an important support to watch namely its 200-day moving average at Rs 1,950 and if it falls below this level and remains so than it can touch the level of Rs 1,880.

State Bank of India resistance exists at Rs 2,090-Rs 2,126. As a strategy one can be short in the stock if it remains below the level of Rs 2090 for the target of Rs 1880.


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