Mar 18, 2013, 06.29 PM IST
Sudarshan Sukhani, s2analytics.com advises traders to sell Hindalco, Sterlite Industries, Tata Steel and SAIL at current levels.
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Sell Hindalco, Tata Steel, SAIL: Sukhani
Sudarshan Sukhani, s2analytics.com advises traders to sell Hindalco, Sterlite Industries, Tata Steel and SAIL at current levels.
Like this story, share it with millions of investors on M3
Sell Hindalco, Tata Steel, SAIL: Sukhani
Sudarshan Sukhani, s2analytics.com advises traders to sell Hindalco, Sterlite Industries, Tata Steel and SAIL at current levels.
Sudarshan Sukhani
Technical Analyst
Sukhani told CNBC-TV18, " Hindalco Industries , Sterlite Industries , Tata Steel and Steel Authority of India (SAIL) have been shorting opportunities and even now traders can consider them for selling. What is much more important is that this market has a news event and after that it is not necessary that stocks will go down in a straight line. There could be jagged edges."
He further added, "Some rallies could also be possible. It is far better if you get a rally then metals should be certainly sold into a rally. That rally is only going to be a bear market rally."
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