Short Hindalco , says Sudarshan Sukhani of s2analytics.com.
Sukhani told CNBC-TV18, "I own shares in Hindalco. It is a short sell. For a trader who is looking to say hedge some of his long positions, unfortunately Hindalco thus suggest that the rally was very weak, tepid and it is looking again to a much deeper downside. So that's a stock you want to sell anytime you can."
He further added, " Tata Steel is a buy but that's only because I am classifying them either as sells or buys. It is not a preferred buy but Tata Steel still if at all you want to trade on it - the trader has a fancy for the stock. Then you should go long in it. But I don't see much upside in steel stocks."
