SAIL may slip to Rs 81-82: Sukhani

Steel Authority of India (SAIL) may slip to Rs 81-82, says Sudarshan Sukhani of s2analytics.com.

Sukhani told CNBC-TV18, "SAIL is now on the verge of completing a fairly bearish pattern and I am surprise because it’s difficult to say how much lower this stock can go and the market seems to be pricing in the lower price. An immediate target is Rs 87 and that may not be the end because it could slide down Rs 81-82."
He further added, "What could happen is that maybe the market will go up and in that case these targets won’t be met but it will remain underperformers and for today it is a short sell."