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Moneycontrol.com >> Message Board >> View Messages >> Tata Steel
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next correct will lead by this stock (3)   13-May-08 10:32Tracked by (0)  
Posted by:   marketbear on ( 13-May-08 10:32 )
Price : BSE: Rs 858.50 ( 1.86 % ), NSE: Rs. 859.00 ( 1.92 % )
Tata Steel will lead the next correction of the market accompanied with sail, hindalco, sterlite, nalco. It's time for all commodities to correct and correction will be sharp going forward. So stay away from metal stock for the time being. Tata Steel is struggling to sustain above 860 level as we have advocated. It may continue to do so. Today's pullback was shortcovering in the stock and lost steam at aroun d it's resistance level. Buying above 860 with significant volume only can take stock upwards otherwise profitbooking can drag down the stock coupled with bad international cues on commodities
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  • 25, 17:30
  • Last Price
  •     Change
  • Volume 
  • BSE
  • Rs.617.90
  •  -13.10    -2.08%
  • 1945746 
  • NSE
  • Rs.617.55
  •  -13.35    -2.12%
  • 4105350 
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