Above Rs 92, SAIL can go to Rs 100: Anil Manghnani

Above Rs 92, SAIL can go to Rs 100, says Anil Manghnani of Modern Shares & Stock Brokers.

 Manghnani told CNBC-TV18, "DLF weekly setup is better; it hasn’t done much compared to what the market has done, so I would expect it to go back and retest the two or three months back high of Rs 244."
He further added, "But coming to the metals, it’s more a dollar play where the dollar post QE announcement has become weak, even gold has fallen which suggests there is no more run to safety, there is more risk-on trade. I think for SAIL Rs 91-92 was a resistance area but if it can take out Rs 92 then maybe closer to Rs 100. I feel Rs 440-445 for Tata Steel is the troublesome area and Hindalco still has some upside closer to Rs 140."