Gautam Shah, Technical Analyst of JM Financial is of the view that one can buy metal stocks from trading perspective for 10-15% kind of bounce.
Shah told CNBC- TV18, "Metal looks releatively better on the charts. In fact metal, banking and healthcare are the three sectors wich we have been advising to our clients to indulge in bottom fishing from trading perspective for 10-15% kind of bounce. Lots of metal stocks have bounced back really well in the last 4 to 5 days and if the Sensex were to really carry on and breakout above 18500 and Nifty 5400 then the sectors like metals and banking will outperform. So, I will look at few picks in metal space purely from trading perspective."
Source: Moneycontrol.com
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