Deshmukh told CNBC-TV18, "Primarily I am expecting some outperformance in the metals pack and especially in the midcap metal counters we have seen a run up in JSW Steel , Sesa Goa , Welspun Gujarat , even Jindal Saw. I think Bhushan Steel is one of the high beta stocks amongst the entire pack and it has taken support at around Rs 1,150 odd levels where it had formed a triple bottom support initially in September 2009. I think this stock can retest its recent high from Rs 1,450 levels and though a stoploss should be maintained for traders considering it is a high beta stock, I think accumulation around lower levels is definitely recommended."
Disclosure: I do not have a personal holding in the above stock/sector but may have recommended them to clients.
|
Budget: 2008, 2009, 2010, 2011, 2012 |
Intuit Money Manager |
RBI Credit Policy | Union Budget | Budget 2012
| Economic Survey
| Railway Budget
| Financial Glossary
|
Message Board |
Moneybhai |
Connect.in.com |
Business Yellow Pages |
India's Premiere Technology Guide | History India
| Up Polls | Latest News
| Uninor | Aurobindo Pharma | Vodafone Essar | Indian Space Research Organisation | Bonus share | Suzlon Energy | Mark Zuckerberg | State Bank of India | Consumer Confidence Index | Acropolis 
