Stocks Suggestion
Ranbaxy Laboratories Ltd
The stock has reached 500 levels after May 2008 when Daichi took over the company. The stock has not been able to cross 600 levels because of oversupply at 500 levels. The stock is likely to consolidate at these levels. It has support at 570. Hold with a stop loss of 550 for a target of 800 levels in 6-8 months.

TATA Steel
The stock has come down from 1150 to 700 levels in the last 2 years but the underlying strength in the stock is strong. It has support at 580 and resistance at 676. Hold with a stop loss of 575. The stock will find momentum after it crosses 676. Target 1000 plus levels in the next 6-8 months.

NEWS
Reliance Mutual Fund has launched a new fund named as Reliance Fixed Horizon Fund - XVI - Series 3, a close ended income scheme with the duration of 369 days from the date of allotment.During the New Fund Offer (NFO) the scheme will offer units at Rs. 10 per unit.The new issue is open for subscription from Nov.11, 2010 and closes on Nov.16, 2010.

Click to get all stock F&O Tips , stock future tips , stock option tips, nifty future tips.      Stock tips