Shorting opportunity is seen Tata Steel, Hindalco, says Sudarshan Sukhani, s2analytics.com.
Sukhani told CNBC-TV18, “Within the constraints set by the market Tata Steel, Hindalco Industries, Sterlite Industries are all shorting opportunities. We are also coming into that big news event which you talk about. If we go short now the markets can give us a kneejerk reaction in any direction. So people taking this view must keep proper stop losses. Be a little cautious.”
On Feb 20, Tata Steel closed at Rs 380.05, down Rs 6.75, or 1.75%. It has touched an intraday high of Rs 389.30 and an intraday low of Rs 378.65.