Tata Steel can test Rs 590-600: M Thacker

Published on Tue, Nov 24, 2009 at 11:01 |  Source : CNBC-TV18

Updated at Tue, Nov 24, 2009 at 11:03  

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Tata Steel can test Rs 590-600, says Mitesh Thacker , Technical Analyst, miteshthacker.com.

Thacker told CNBC-TV18, "The steel stocks look better in the entire space of metal stocks. Tata Steel probably looks like set to test levels of around Rs 590 to around Rs 600."

He further added, " SAIL has given a fresh breakout; it just made a new 52 week high, above Rs 190-194, I think Rs 210 could be a good short-term target while the upside would be capped because there are historical weekly supply areas coming up for these kind of stock. I think they will continue to do better and probably lead the upside in the index."

  

Entities: Mitesh Thacker
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