Check the chart of TATASTEEL. if nifty faces resistance to move above, then shorting can be done. Its week upon CCI, Stochastics, RSI and Pivot system. Pivot low is broken suggesting further downward move.
Price is also standing between 20 and 34 ema so be cautious as price can move to either side with nifty. My shorting point will be 648 for target near to 635.
if cci hooks to upside giving a reject to downside then will buy it at 663 for target 683.
price is standing in no trading zone of 648 and 663. Above or down it is trading zone for me.
5274 is trend decider for nifty tomorrow. Will stay short below it and long above it.
Check the charts