Sell Jindal Steel & Power, says Sukhani

One can sell Jindal Steel & Power (JSPL), says Sudarshan Sukhani of s2analytics.com.

Sukhani told CNBC-TV18, "Jindal Steel & Power is a favourite sell. It keeps on coming and does not stop. It has been a distinctly underperforming stock.”
He further added, “While the last three-four days the Nifty has chopped around, some stocks have gone up, midcaps have done dramatic turnaround from the upside, JSPL has done nothing – a very tepid advance and then a decline yesterday. It tells us that the downtrend is not over. It will be some day but short selling is probably still justified here.”