Amit Gupta's view on SAIL

Amit Gupta, ICICI Direct shares his view on SAIL.

Gupta told CNBC-TV18, “Metal is one sector, which has not been performing from the last series and N of number of shorts are there even a little bit of comfort in the market around 5,180-5,200 may do some short covering that is what we saw in the last session."
He further added, "SAIL is still very heavy, very significant short addition, it is continuously forming the higher bottoms which I think is inducing a short covering. It has closed above Rs 100. I think any decline towards Rs 98 is going to be the immediate major support. I think it should be bought."