Thursday, March 22, 2012

tata steel likely to test 500 level again

tata steel had given nice rally from 330 to 500 level where it found the resistance & fell down to 420 level. it has taken nice support on 100 dma line & again trading nicely on its 50 sma line. the stock may find minor resistance at 475. so buy this stock above 476 for the target of 500.  if it sustains or close above 500 then next target is 550. SL will be 445.

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