Technical Analyst, E Mathew is of the view that Hindustan Zinc would be a great buy on declines. It has stoploss at Rs 650-660 and It can see Rs 920 above Rs 860, he added.

Mathew told CNBC-TV18, "Yesterday’s move in Hindustan Zinc was phenomenal- to put it mildly. I think Hindustan Zinc would be a great trade but the only problem is it is closer around Rs 733 and the stop loss unfortunately is almost at around Rs 650-660. But nevertheless, I think Hindustan Zinc would be a great buy on declines. One could look for the initial target as higher as Rs 860 and after mild reaction here or there if the stock is able to sustain above Rs 860, one could even see the stock going to Rs 920. So all an all an excellent trade and I think amongst the metals pack this would be my best trade."

He further added, "Sterlite, I would take as a short-term possibly a buy call nothing more than that. In fact the other stock which could look very interesting to me and I think its going to be one of the star performer for this year would be Hindalco. If one could get Hindalco at lower levels around Rs 178-180; I think it would be a great buy because this is one stock which is showing a lot of promise, it could even go to about Rs 220-225."       

Disclosure: It is safe to assume that analyst and his clients may have an interest in the stocks/sectors discussed.