Sterlite Industries can slip to Rs 150: Thacker

Sterlite Industries (India) can slip to Rs 150, says Mitesh Thacker, miteshthacker.com.

Thacker told CNBC-TV18, "We have had some kind of a very bearish outlook on copper. I think that would affect sentiments on the stock like Sterlite and probably even Hindalco. I would look for shorting opportunities in both these stocks."
He further added, "Sterlite could probably fall to its recent levels of about Rs 150 or probably even break them and move lower. So I would look for shorting opportunities over here. In case the Nifty breaks down ofcourse that would give us a lot of comfort to be short on the metal stocks."