Wednesday, May 30, 2007

Today's market tips

POSITION/DAY TRADING

SBIN : Go long if it opens positive i.e. above 1324 and add position further, if it goes above 1330, with stop loss 1319 (for intraday) and 1297 (for position trading). Profit target (1) 1342, target(2) 1350, target(3) 1361 and maximum target 1400 for position traders.

TATASTEEL : Go long if it trades above 633.5 with stop loss 617.85 and Profit target (1) 638, target(2) 651, target(3) 661. Position may be increased if it crosses 639.25.