Wednesday, 29 October 2008

Tata steel can touch Rs 210: Bose

Technical Analyst, Rajat K Bose is of the view that Tata steel can bounce back and touch Rs 210.

Bose told CNBC-TV18, "I would say that Sterlite Industries, looks pretty much attractive, but I would be more confident if it were to trade above Rs 253 decisively."

He further added, "Tata Steel, I would say that there can be a bounce if it were to stay above Rs 191-193, then we can expect it to move up to something like Rs 204-210. But if you ask me that if there is any major upswing likely in these counters, then I would say I am quite skeptical even now although they have rallied considerably from the lower levels that were reached on Monday."

Disclosure: it is safe to assume that analyst and his clients may have an investment interest in the stocks/sectors discussed.

Source: Moneycontrol

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