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Visa Steel can test Rs 30: Gujral
Technical Analyst, Ashwani Gujral is of the view that Visa Steel can test Rs 30 and Mukand can touch Rs 34-35 and that is where the action is now shifting in the smallcap space double-digit type of stocks.
Gujral told CNBC-TV18, "There are several trades in the smallcap and midcap space because that tends to do better, when the largecaps are correcting. You would look at smaller steel stocks like Visa Steel or even Mukand . Visa Steel could go up to Rs 30 and in Mukand we would look at Rs 34-35 and that is where the action is now shifting in the smallcap space double-digit type of stocks."
Disclosure: Analyst has no positions in individual stocks but hold delta neutral positions in Nifty.
