- Tata steel daily time frame continues to be in strong down trend. Bulls continue to suffer from the Death cross. This will be effective till prices stay above 50 Day SMA. Hope for Tata steel Bulls only if price is able to sustain above 50 Day SMA.
- For now if the recent low of 372 is held a counter trend move towards the falling resistance line looks possible. One should look for weakness at higher levels. counter trend trades can be risky to take....
INDIAN BENCHMARKS are likely to open on a positive note as the global cues look slightly supportive with SGX Nifty trading 33.50 points higher.
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