Feb 20, 2013, 07.01 PM IST | Source: CNBC-TV18

Shorting opportunity seen in Tata Steel, Hindalco: Sukhani

Shorting opportunity is seen Tata Steel, Hindalco, says Sudarshan Sukhani, s2analytics.com.

Shorting opportunity is seen Tata Steel , Hindalco , says Sudarshan Sukhani, s2analytics.com.

Sukhani told CNBC-TV18, “Within the constraints set by the market Tata Steel, Hindalco Industries, Sterlite Industries are all shorting opportunities. We are also coming into that big news event which you talk about. If we go short now the markets can give us a kneejerk reaction in any direction. So people taking this view must keep proper stop losses. Be a little cautious.”

On Feb 20, Tata Steel closed at Rs 380.05, down Rs 6.75, or 1.75%. It has touched an intraday high of Rs 389.30 and an intraday low of Rs 378.65.

Set email alert for
Tata Steel Hindalco

ADS BY GOOGLE

Buy & sell politicians on Power Play
- the political stock exchange

Price Update

Arvind Kejriwal

1742.85 12.09 0.70%

26330

Bought today

8528

Sold today

0.22%

User holding

video of the day

Add cyclicals, banks on positive poll outcome: UBS

Explore Moneycontrol

Copyright © e-Eighteen.com Ltd. All rights reserved. Reproduction of news articles, photos, videos or any other content in whole or in part in any form or medium without express written permission of moneycontrol.com is prohibited.