Buy Tata Steel, says Vishal Kshatriya, Sr Derivative and Technical Analyst of Edelweiss.
Kshatriya told CNBC-TV18, "I have a buy call on Tata Steel. Stock has strong support in the range of Rs 415-420. Yesterday after making low of Rs 417 stock bounced back sharply along with good volumes. This indicates that there is an emerging demand for the stock near its support zone. Momentum oscillators on daily chart have also given a buy signal. Traders can go long at CMP for target of Rs 460 and stoploss of Rs 415.
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