Mitesh Thacker, Technical Analyst, miteshthacker.com is up upbeat on steel stocks.
Thacker told CNBC-TV18, "Broadly I like steel stocks, and I think apart from Steel Authority of India (SAIL), it is JSW, Jindal Saw and those varieties I like more. Otherwise I think the entire sector looks pretty good. I think Sterlite Industries , Hindalco Industries , Tata Steel , SAIL all of them - very clearly after this breakout - have also gained good momentum though today they might be facing some kind of supply at higher levels but otherwise I am very positive. Hindalco - once it gets pass level of around Rs 180, which was the previous high, can go all the way to around Rs 195. So I think the entire sector remains pretty positive, though the favourite over there is JSW Steel."
