Sudarshan Sukhani of s2analytics.com is of the view that one may go long in Tata Steel, Hindalco Industries and Vedanta.
Sudarshan Sukhani of s2analytics.com told CNBC-TV18, "Tata Steel, Hindalco Industries and Vedanta have given very minor signs of at least holding to their new support levels at the lower end. At least they are not negative anymore for intraday trading. However, there are other opportunities in IT and pharmaceutical which I think is now coming up in the banking and non-banking financial sector (NBFC). It is possible to go long in these stocks if you are an intraday trader."
At 09:54 hrs Tata Steel was quoting at Rs 240.45, up Rs 2.80, or 1.18 percent. It has touched an intraday high of Rs 240.75 and an intraday low of Rs 238.15.