Tuesday, October 12, 2010

Tata steel trading at 20 DMA

Tata steel trading at 20 DMA .. . above it Bulls are in power and below it bears will win ...big volumes are indicating that bulls were on back foot ...in  such cases trade according to market trend ...means above 636 spot  buy it  and below 634 spot trade short on it ...trade with stop loss ....its futures levels ....
<<<624>><<631.10>>><<638.10>>><<<<642.00>>>><<<<644.90>><<<647.90 >>>>650.45>>>

 place stop loss away one level from the  current market price ....