Technical Analyst, Sudarshan Sukhani is of the view that more upside left in steel stocks. He further added that correction can occur in steel sector if the broad market sells off in the next week . Tata Steel is little behind but rest of the midcap and SAIL are heading for much higher levels.

Sukhani told CNBC-TV18, "Small correction could occur in steel sector which means that if the broad market sells off in the next week then these stocks are not going to go against it."

He further added, "But beyond that I think there is a lot more upside left in these stocks they are just beginning a bull run, steel is doing amazing things on the charts. Tata Steel is little behind but rest of the midcap and SAIL are heading for much higher levels."

Source : MoneyControl

Technical Analyst, Sudarshan Sukhani is of the view that one should stay away from fertilizer stocks as the fertilizer seems to give the impression that it is going into a period of consolidation, now such periods are not good for traders while investors can simply wait on because consolidation will also be completed at some point of time and traders may not find the momentum that they are looking for.

Sukhani told CNBC-TV18, "I would stay away from fertilizer stocks. The fertilizer seems to give the impression that it is going into a period of consolidation. Such periods are not good for traders while investors can simply wait on because consolidation will also be completed at some point of time and traders may not find the momentum that they are looking for. So fertilizer would be a sector, which I would say okay let it do it’s own thing and rest it out."

Source : MoneyControl