Technical Analyst, Ashwani Gujral advises to buy SAIL, Tata Steel on declines.
Gujral told CNBC-TV18, "Even last time when the CRR hike started that was the beginning of the interest rates sensitives bottoming out, and all of these news is priced in. So I don’t think there is a lot of downside on any of the interest rate sensitives, infact these are good prices to buy them and every week if inflation keeps coming down, you will see rallies in all of these stocks."
"SAIL, Tata Steel need to be bought on all declines and if you get inflation coming below 7%, you will see rallies on every Friday in these interest rate sensitives. So I think some sort of bottom has been reached even on the interest rate sensitives".
Source: Moneycontrol.com
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