Tuesday, May 20, 2008

Voltas Buy in dips Only CMP: 157.65 Tgt: 168 & 175

The daily candlestick chart of Tata Steel shows that it is in uptrend. The rally is
getting exhausted or is likely to take a pause as the oscillators are exhibiting
negative divergences. Those holding longs in Tisco can hedge by buying 900
PA while high risk traders should follow a strict stop loss below Rs.10.50
(preferably in close). Holding period is 4-5 days.

* Avoid gap openings and trade in cash in small quantities.

* ST - short term, MT- medium term

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