Tata Steel range between Rs 620-680

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Tata Steel likely to retest levels of Rs 680–Rs 690 which has been a stiff resistance. So held support at Rs 620. A Rs 620 to about Rs 680 should be the range for the stock.

“Commodities will clearly catch up, they are not the leading sectors but once you have benign liquidity, they will tend to move up. Tata Steel is likely to retest levels of Rs 680–Rs 690 which has been a stiff resistance. So held support at Rs 620. I think Rs 620 to about Rs 680 should be the range to this one."

Tata Steel touched an intraday high of Rs 658 and an intraday low of Rs 641. At 14:59 hrs the share was quoting at Rs 649.20, up Rs 11.15, or 1.75%. It was trading with volumes of 1,502,101 shares. Yesterday the share closed up 0.81% or Rs 5.10 at Rs 638.05.