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Pick Tata Steel During Sell Off

US fed signal of raising interest rate impacted Indian stock market in negative way and make the sensex is down in between 400 to 500 points. It is expected that market will recover in coming days as Indian economy fundamentals are strong. The infrastructure push by the government as well as sign of commodity price stabilisation like coal and better realization in steel sector indicate that it's the right time to invest in metal.

My recommendation for investor to start accumulating Tatasteel.  The share price came down from 404 INR few days back to 375 INR in current trading. Investor should start accumulating it and must avoid F&O segment. In case Fed defer it's intended hike or short covering in the market will take Tata Steel back to 425 INR.

Please discuss with your financial advisor before investing
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About Devendra Prasad

20 years plus industry veteran of domestic and international ICT domain with the expertise in Business, Technology, Strategy and Analysis. Specializes in forecasting impact analysis, trends and recommendations for Investments, Technology and Regulations.
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