The Indian stock markets likely to go for a breakout incase of positive results from techs in this series. As of now no major changes in the levels as they are in rage bound maintaining the old ones.
Today stocks in news are Tata steel, good above 598 stop loss 591. SBI has negative and positive news – incase it trades below 1459 go short or the scrip shall trade above 1471 to test new high at 1491 even 1500. TCS is in shopping two more companies, good above 1141 stop loss @1129.
The Hindalco likely to correct and test 156-155 level if it trades below 172-171. The Relcap also correct and touch 990-993 level.
Personally I prefer Tatasteel & Hindalco and may trade in RCOM & Satyam as there was no violation of levels.
Friday, June 29, 2007
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