Sudarshan Sukhani, s2analytics.com advice traders to buy Tata Steel on decline.
Sukhani told CNBC-TV18, "Tata Steel is a better stock, far better stock, so any dips; any corrections should be used to buy. The only problem is that if the broad market is coming down Tata Steel independently is not going up; it's not that kind of a share. But its not a short sell, I would not advice that."
He further added, " Hindalco had a relief rally and that rally is now over. It has been one of the weakest metal stocks and the chances are that if the Nifty slides to 5100 or 5050 Hindalco will reach Rs 105. So if it can maintain its 3 digit values I would consider that to be a big achievement."
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