Sukhani told CNBC-TV18, " Tata Steel is already on way down, its broke significant support levels at Rs 390. At Rs 375, the targets are so much lower that I cannot even discuss it. So it is probably one of the weaker stocks in the Nifty because if you look at Rs 350 as modest down target even today if you see rallies the way is to go and sell Tata Steel, buy puts on it, be bearish on it."
He further added, "Great Eastern Shipping has been in a different environment, it's moving up while the broad market was coming down. It's also build some kinds of a small base not much but even then its there. It's outperforming, it's giving bullish chart signals tells us that maybe it's a good time to buy."
"It's on the verge of a small breakout, if it goes above Rs 225 or so, it is a buy. I think it comes in the F&O segment so there are lots of instruments that we can use to go long and then wait patiently for the market to reward us."
