Tata Steel, SAIL, Hindalco look weak: Bose

Published on Thu, Oct 23, 2008 at 15:00 |  Source : CNBC-TV18

Updated at Thu, Oct 23, 2008 at 18:13  

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Rajat K Bose, Technical Analyst,

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Technical Analyst,  Rajat K Bose is of the view that Tata Steel , SAIL and Hindalco  are looking weak.

Bose told CNBC-TV18, " Tata Steel had a good support at Rs 220, but today one has seen that the Rs 220 support didn't really work, Rs 220 to Rs 210 is the region at which it was expected to get some support and it is perhaps not breaking Rs 210 so easily for that reason, but my feeling is that Tata Steel is actually heading towards Rs 185 which is the next technical target below Rs 220 that I get and most of the metal stocks like Hindalco, SAIL, all of them are looking pretty weak and in fact they can go even further down from current levels." 

  

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