Tata Steel safest in metal space: Sukhani

125748 Investors following Tata Steel. Share this News with them.

0

Like this story, share it with millions of investors on M3

Tata Steel safest in metal space: Sukhani

Technical Analyst, Sudarshan Sukhani is of the view that Tata Steel is looking safe in the metal pack.

Post your opinion here

 

0

Tweet

Share on Tumblr

Excerpts from Bazaar on CNBC-TV18 Watch the full show » RELATED NEWS Tata Steel melts down 3.4% Tata Steel among major gainers ALSO READ See previous views by Sudarshan Sukhani See what other Experts & Brokerages are saying about Tata Steel See messages about Tata Steel Tata Steel BSE | NSE 28/05/12 Are Mutual Funds betting on Tata Steel?

Technical Analyst, Sudarshan Sukhani is of the view that Tata Steel is looking safe in the metal pack.

Sukhani told CNBC-TV18, " Suzlon Energy got pummeled yesterday because it is in a downtrend; it did not even show signs of life when we were having this small rally except for one day. So Suzlon is not a buying opportunity for traders, for investors, for anyone. We have to see how it pans out, builds a base."

He further added, " SAIL has been underperforming the market. It has been underperforming as compared to Tata Steel. In a market like this, it is again not easy, I would say if at all somebody wants to go into metals, Tata Steel would be the safest of them."

Disclosure: Analyst has delta neutral positions in the Nifty and investments in the shares.