Sudarshan Sukhani, s2analytics.com advices to keep stoploss at Rs 125 in Jindal Saw .
Sukhani told CNBC-TV18, " Nava Bharat Ventures was in a trading range at Rs 195 and it broke out of that range on Friday when the broad market went down, that is a good sign. So apparently it's beginning a new upmove of its own. I think as a midcap, you could actually take a day trade today hoping for follow through, or you could even build up position on it."
He further added, "Jindal Saw is more of a hope trade rather than a chart trade. When the stock fell dramatically at Rs 105-108 it is not rallying a bit. Jindal stocks can do unusual things, if this rally holds then we can see virtually straight line advance in the stock, it's worth taking a trade. Keep a stoploss of Rs 125. The stock did not decline in the last 7 days; it is in a trading range."
