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Expect 5-10% downside in metal space: Mohindar

This article was posted on Feb 17, 2009 and is filed under Press Releases

Rahul Mohindar of Viratechindia feels that there is good 5-10% downside in metal space.

Mohindar told CNBC-TV18, “In terms of the metal stocks, Tata Steel as you mentioned specifically there I again see a declining trend. But the question is do we expect newer lows, do we expect an October low break down. I don’t think it is looking all that vulnerable like real estate, but probably as a trader and from a short-term perspective, I would say that they are good 5-10% downside falls. But again these are not levels to start a new short trade.”

source: Moneycontrol

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