Technical View by Pankaj Jain: Hold Tata Steel

Technical View by Pankaj Jain: Hold Tata SteelDuring an interview on Zee Business, Technical Expert Pankaj Jain of Satguru Capital has suggested investors to hold Tata Steel.

Mr. Jain has suggested stop loss of Rs 490 for Tata Steel. Tata Steel is currently trading nearly one per cent higher at Rs 535 on NSE. The stock has touched intraday high and low of Rs 537 and 526.

Technical Analyst Sudarshan Sukhani expects Tata Steel to outperform in medium term. Economic recovery may lead to higher margins for Tata Steel and the stock can gain momentum on every positive news flow.

Mitesh Thacker, Technical Analyst at miteshthacker.com is bullish on Tata Steel, PTC, LIC Housing Finance and Sugar stock Triveni Engineering.

Raamdeo Agrawal of Motilal Oswal Securities feels that good Corporate Earnings will help markets to stay strong over short term.

BSE Smallcap index was down by nearly 0.8 percent in today's session. CNX Midcap was down by 46 points at 6942. NSE Nifty was marginally down by 14 points at 4982 at 11.15 am IST.