Buy Tata Steel on dips, says Sukhani

Sukhani told CNBC-TV18, "Tata Steel finally broke out above resistance level at Rs 425. I think most quality stocks have done that. But for Tata Steel it was a bear market of some kind, it fell below Rs 400 so this breakout tells us that the downtrend in Tata Steel is probably over. So inch-by-inch, slowly the stock is likely to move up."

He further added, "Today in a choppy market which is what I expect to be, there will be stocks that move up and stocks that go down. Tata Steel is likely to be one of the winners today. So for a day trader, it is worthwhile focusing on this, buy on dips or even buy if the stock starts after the first fifteen-twenty minutes."