Sudarshan Sukhani of s2analytics.com feels the trade in Jindal Steel & Power is a sell.
Sudarshan Sukhani of s2analytics.com told CNBC-TV18, "We have been selling Jindal Steel and Power (JSPL) since Rs 600 rather Rs 650. It is amazing how the stock has taken a single directional move. There was one correction in-between on the upside, otherwise it is doing the same thing as Sterlite is doing."
He further added, "JSPL is on a much larger scale, there was a small consolidation and that consolidation broke down on Friday. It suggests that lower levels are coming and if there is a gap up or a rally today, it is even better because one is selling in strength. The trade is clear, we want to sell it."
Set email alert for
ADS BY GOOGLE
video of the day
Govt wont act on SIT recos, to consult Sebi, RBI: Rev Secy