Stock update: TATASTEEL 31/03/2015

Tata Steel is the biggest steel sector in India.Tata Steel Limited is an Indian multinational steel-making company headquartered in Mumbai, Maharashtra.It is one of the company in Tata Group.Tata steel was the 11th largest steel producing company in the world in 2013. Tata Steel is the among the top ten steel manufacturers in the world. It operates in more than 20 countries and has a commercial presence in over 50.

Tata Steel claimed it has achieved a new milestone of becoming the first Indian steel plant to produce 10 million tonnes per annum of hot metal from a single location at Jamshedpur in Jharkhand.

It’s a significant achievement in journey of iron making which started in 1911 with a capacity of only 0.16 mtpa. Today, the production stands at 10 mtpa - a growth of 63 times in capacity, said the company in a statement on Saturday (29/03/2015).

Tata Steel was last traded at Rs 322.40 with the 2.35% up movement.

BSE Code for this stock is 500470 and NSE Code is TATASTEEL.

Intraday Target:(31/03/2015)

 

BUY:

 

If tomorrow TATASTEEL Equity open or crosses 323.01 then we can buy this stock for tomorrow Intraday trading. And please maintain the stop loss which has been mentioned below picture.
So My first target if it crosses 323.01 level is 329.03. Exit target is 331.5.For small investor please buy TATASTEEL 320 CALL once it crosses 323.01 and exit once it reaches 330.For big investor buy one lot of  tatasteel future when it crosses 323 and exit when it crosses 330. Lot size of TATASTEEL is 500.

SELL:

 We can short this stock when it crosses 317.05.So my first target is 311.14 and exit target will be 309.67. And please maintain the stop loss.So once it crosses that level short lot of TATASTEEL future. And  once Equity crosses 309.67 please exit from the future short.