Nitin Jain of Edelweiss Securities is of the view that one can take long positions in Tata Steel and Hindalco Industries.
Jain told CNBC-TV18, “Metals have been beaten down quite a lot for the last year or so and they just seem to be having bottomed out. So from a short-term point of view you can take long positions in stocks like Tata Steel and Hindalco Industries.”
“You might just get 15-20 percent upside over the next two-three months, but these are not stocks that we are betting on from a long-term point of view. These are only trading calls,” Jain added.
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Market in fine fettle; 2014-end Sensex target at 26300:Citi