Tata Steel, SAIL good bet: Thukral

Tata Steel and SAIL are good bet in the metal space, says Hemant Thukral, National Head-Derivative Desk, Aditya Birla Money.

Thukral told CNBC-TV18, "Tata Steel has seen a lot of long positions added up. The way it rebounded very sharply from Rs 450-460 even when the results were not so in favor, it clearly suggests that this rally will continue and has some more momentum left."
He further added, "I would be betting around Rs 485-490 level for Tata Steel, because the 500 call writers are being very aggressive. So for me Tata Steel and SAIL are the best bet in the metal stocks going forward."