Buy Tata Steel at Rs 375-380: Sudarshan Sukhani

Buy Tata Steel at Rs 375-380, says Sudarshan Sukhani of s2analytics.com.
  • Language
  • App
  • Subscriptions
  • Specials
  • Sign-In
  • Register
GeStepAhead GrowMyMoney
moneycontrol.com

Home » News » Stocks Views

Nov 09, 2012, 04.18 PM | Source: CNBC-TV18

Buy Tata Steel at Rs 375-380: Sudarshan Sukhani

Buy Tata Steel at Rs 375-380, says Sudarshan Sukhani of s2analytics.com.

Like this story, share it with millions of investors on M3

Buy Tata Steel at Rs 375-380: Sudarshan Sukhani

Buy Tata Steel at Rs 375-380, says Sudarshan Sukhani of s2analytics.com.

Post Your Comments

Share Cancel

Sudarshan Sukhani (more)

Technical Analyst, s2analytics.com | Capital Expertise: Equity - Technical

Buy Tata Steel at Rs 375-380, says Sudarshan Sukhani of s2analytics.com.

Sukhani told CNBC-TV18, "Tata Steel is still a better buy than most of the metal stocks. In fact at Rs 425 it was poised for a big move that didn't come about and the sense was that the results will decide whether it is going to break out or not. Well apparently it is not going to breakout but I don't see Tata Steel as a short selling candidate. At lower levels Rs 375-380 it gets very strong support. So that should be buying for Tata Steel not selling at those levels, let it come there."

He further added, " State Bank of India (SBI) should stabilise where it stands now. At Rs 2050-2100 that zone provides a lot of support. We are going through a very choppy and volatile period; we just have to accept it. A lot of this price volatility has no real explanation, it’s just happening. So, SBI still remains a buy, its not a short sell at all."

" Larsen and Toubro (L&T) is a leader of the capital goods group and it’s completely given up, it’s giving a strong distribution pattern. Most other capital goods stocks are going to follow it including BHEL. So, BHEL is a short sell but not SBI."

Buy, Hold, Sell ? Hear it first on M3
Buy Tata Steel at Rs 375-380: Sudarshan Sukhani

See all

Get started using your favorite social network

or

Login using moneycontrol ID

Username
Password

Need help logging in? Reset password.

Don´t have an account? Sign Up

Get started using your favorite social network

or

Simply sign up using this short form

* mandatory

UserName*

Username should be atleast 4 character

Password*

Password should be 8 or more characters,
atleast 1 number, 1 symbol & 1 upper case letter

Alert

Your Password should contain
  • 8 or more characters
  • At least 1 number
  • At least 1 symbol
  • At least 1 upper case letter
Confirm Password*
Email
Already have an account? Login