Buy Hindalco the moment you see markets improving: Kunal Saraogi

Kunal Saraogi, Technical Analyst, equityrush.com in an interview with ET Now talks about Hindalco.

Your sense on the charts of Hindalco, Sterlite for that matter even Nalco?

If you talk about metals in general, metals have corrected quite a bit. Hindalco in particular after the run up that we saw its corrected but it still a correction and if you look at the overall trend I think still can be looked at from a buying perspective.

I think the moment you see a reversal on the charts you could actually look to get in here. I would wait for another day before I make a buy entry of course there is no buy signal right now but can be looked at from a buying perspective the moment you see markets improving. So Hindalco definitely I have a buy on. Nalco we have seen a very big move in today’s trade I would rather keep away from Nalco for now.