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Jul 12, 2012, 08.23 AM IST
Prefer Tata Steel and Jindal Steel, says Hemant Thukral, National Head-Derivative Desk, Aditya Birla Money.
Prefer Tata Steel and Jindal Steel , says Hemant Thukral, National Head-Derivative Desk, Aditya Birla Money.
Thukral told CNBC-TV18, "Metals for me the rollovers have been slightly still on the negative side and there is a complete mixed bag, so I will continue to play long on something like a Tata Steel, which reflected very good long rollovers and specially on Friday also saw more of long positions other than stocks like Sterlite or Sesa Goa which see more of short covering happening." He further added, "I would more prefer Tata Steel or even a Jindal Steel and Power, both of them saw very good long positions built up on Friday. But I would totally avoid stocks like Sterlite or Sesa Goa which have moved more due to short covering rather than long positions."
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