Short Jindal Steel: Sudarshan Sukhani

Sudarshan Sukhani of technicaltrends.com is of the view that one can short Jindal Steel & Power.

Sukhani told CNBC-TV18, "Jindal Steel had a decent rally after a big decline, that rally is over but because of that significant decline earlier the rally was a bear market rally just like the Nifty. If that is so the Jindal Steel can see much lower levels because it has some catching up to do."
He further added, "Yesterday it opened higher and then closed at the lows of the day that