Limited upside seen in Sterlite , Hindalco and Sesa Goa , says Sudarshan Sukhani, s2analytics.com.
Sukhani told CNBC-TV18, "Sterlite Industries, Hindalco and Sesa Goa which was an early riser in this rally are reaching their targeted levels. My worry is viewers and people who have been late in this rally will now end up buying at 5100, which is the reason why I am a little tempered today. I do not see much more upside until we consolidate, until we correct in all 3 of these metal stocks."
He further added, "I am not impressed that Jet Airways is up 9.5%, we have to see the context from where it has fallen. Jet Airways and Kingfisher Airlines two big guns in aviation should be left alone. This is not the sector you want to touch. For a trader the entry point, the actual exit point the stop losses, these are question marks, I don't think its easy to trade Jet in any case. Aviation is not a sector we should be touching."
