Sukhani told CNBC-TV18, "JSW Steel is very weak but for last 10 days it's in a trading range. It's not doing anything. But the important point was that it's not falling. I am fairly upbeat. Stocks go into a trading range when they stop falling and they are saying, okay, I am willing to take a punt or willing to take a move on the upside. So I would be a buyer. Even earlier JSW has been something I have suggested last week should be used for buying. So if you buy JSW, look for a fairly decent target of Rs 570 - that's a pretty decent target for a day trader. It would come about. The charts are good for it."
He further added, "Mundra Port is again one of those disappointing charts. Any numbers of midcaps are doing it. So one thing we must understand is that all we have seen today is a 35 point rally in the pre-open. This is not the beginning of a bull market. So a lot of these stocks are cracking and the bigger message is there. Mundra port is one of them, it's a short sell, and it's on the verge of a significant breakdown. Any rally in it, any opportunity, traders should be looking to sell it."
