Sudarshan Sukhani of s2analytics.com told CNBC-TV18, "Tata Steel is not a buy now. It is possible that the rally is showing signs of exhaustion. The only way we will know it is when the stock corrects and then starts making an effort to renew that up trend. So, as of now if it is a wise time to take profits, step aside and see whether the correction comes to a standstill and whether there is support coming at any level."At 12:36 hrs Tata Steel was quoting at Rs 255.60, down Rs 7.90, or 3 percent.
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