JSW Steel may test Rs 1000: SP Tulsian

SP Tulsian of sptulsian.com told CNBC-TV18, "If you see the typical behaviour of JSW Steel, the moment it corrects below Rs 1,000, you will see it moving back to a level of maybe Rs 1,080-1,090. So, it was just a technical call because inspite of having seen the correction in all the steel stocks, I am per se on a fundamental basis negative on steel stocks. I won't be surprised to see again a price of Rs 1,000.""By expiry, we are going to see the good kind of recovery in these kind of stocks. Maybe like JSW Steel, Voltas, Jet Airways or may be Aurobindo Pharma or maybe Glenmark Pharma. They are the typical stocks which may surprise by giving an uptick of about 6-7 percent or 4-5 percent from the current level till expiry as well. I am including Reliance Industries as well in that category," he said.Disclosure: Reliance Industries has acquired management control of Network18, which owns TV18 Broadcast and moneycontrol.com.