Tata Steel can touch Rs 490-495: Manghnani

Tata Steel can touch Rs 490-495, says Anil Manghnani, Modern Shares & Stock Brokers.

Manghnani told CNBC-TV18, "Sesa Goa has already had a good smart move probably has some more legs - Rs 241-247. DLF used to keep bouncing off Rs 208 before we collapsed below 5200. So now again just like I feel the market may have resistance at 5200, I would expect DLF to go back and retest Rs 208 but not be able to cross that easily so that has got some upside."
He further added, "Jindal Steel - I had given a short at Rs 600 with a target of Rs 450 - that hit Rs 450 which was a major level so that can put on some more, maybe Rs 534-544 is possible. Tata Steel doesn