Tata steel,shall i hold?

Dear seniors/Friends
I entered in tata steel@610 and holding 500 shares. Now the share price is around 546 and declining like anything. shall i hold it. Is there any hope that atleast it will reach my cost price in near future? How long it takes to reach the cost price? what shall i do to reduce my loss. Please advise.

TATASTEEL is in downtrend as seen from its chart.

Rs.520 seems like a good support zone for the stock.

Should you average at 520 level to bring down the cost? or should you book your loss is a question you can best answer.

If i were in your place, i'd average[money being available] and wait.

TATASTEEL is a good stock. I would not mind turning into an 'long term investor' .

Thank you indeed for your timely suggestion

Lot size is going to be 500 from July. Start writing OTM calls. Get an income from your investment.

Tata steel supports are between 520-532 spot range and resistance zone is around 610-620 spot. It looks weak and it can go down more.

It happened to close below 200 DMA on Friday. Over all looks weak for time being. It can give some bounces on later half of next week.

good idea !:thumb:

i think it is coming at 490-470.

being a kind newbie in options, what is the relation of lot size here.
Also where did you get the info that lot size is changing

http://www.nseindia.com/content/fo/fo_mktlots.csv

From July 2010 lot size would be reduced to 500 shares per lot. Incidentally, you hold that much.

With the underlying in possession, you can proceed to write OTM call as suggested.

Hope ......Tata steel can bounce back fro 525 level as it did last time.........