Wednesday, August 25, 2010
TATA MOTORS CRASHED & TATA STEEL MELTED
IN TODAYS TRADE SPL FUTURE SELL CALL OF TATA MOTORS KISSED A LOW BELOW 990 SAFE 40 RS PROFIT
RECOMMENDED LEVEL 1030 DIP LEVEL 990 40 RS PROFIT .... YAHOO...
TODAY MAJOR MARKET DRAGGER TATA STEEL SPL ANALYSIS FOR INVESTORS
FUNDAMENTAL :
NO HARM WITH THIS COMPANIES FUNDAMENTAL & RESULTS ARE GOOD....
TECHNICAL:
STOCK HAS BROKEN MAJOR SUPPORTIVE LEVEL OF 520 AND "U" TURN POINT OF 502...
SO AS OF NOW IT IS TECHNICALLY WEAK AND REMAIN BEARISH UNLESS IT CLOSES ABOVE "513"
BEARISH WAVE MIGHT TAKE THIS STOCK TOWARDS
********************** 450 LEVEL IF NO RECOVERY ************************
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