Go long in Tata Steel, target Rs 258: Aditya Agarwal

Aditya Agarwal of Way2Wealth Securities told CNBC-TV18, "Metal sector has seen good rally in last two trading sessions and most of the metal counters has given a good breakout. Tata Steel gave a breakout above Rs 230-235 in yesterday’s trade and it closed above that. Today we have seen some follow-up buying. The stock has also added long positions to the tune of 3-4 percent in open interest in today’s session.""We are expecting that this rally may continue and on higher side it may test Rs 258-260 in next 3-4 trading sessions. So, Tata Steel is looking as a good bet to make long positions at current level with a stop loss of Rs 230 and on the higher side target will be Rs 258," he added.