Buy Tata Steel and Hindalco: Ashwani Gujral
Tata Steel between 390 and about 450 is the place where this could trade.
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| Updated: Ashwani Gujral, Chief Market Strategist, ashwanigujral.com, talks to ET Now on his stock recommendations.
A quick call on how weak could this week be for Tata Steel and Hindalco in particular?
Given that there is a bit of a bounce in the global market, so maybe these stocks could still remain ranged. Tata Steel between 390 and about 450 is the place where this could trade. Hindalco may be 115 on the downside and 135-140 on the upside, so metals if globally things remain a bit positive could be more ranged than moving down but overall longer term trends still remain down on metals.
A quick call on how weak could this week be for Tata Steel and Hindalco in particular?
Given that there is a bit of a bounce in the global market, so maybe these stocks could still remain ranged. Tata Steel between 390 and about 450 is the place where this could trade. Hindalco may be 115 on the downside and 135-140 on the upside, so metals if globally things remain a bit positive could be more ranged than moving down but overall longer term trends still remain down on metals.
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