Short JSW Steel, says Sukhani

Sudarshan Sukhani, Technical Trends feels that one can short JSW Steel.
Sukhani told CNBC-TV18, "JSW Steel is just starting its decline. It rallied quite significantly from Rs 500 to Rs 700 over the past few weeks. Again to the rally we saw in the Nifty, it was a relief rally in an ongoing bear market; we know how much the stock has fallen, so that rally is over."

He further added, "Now what's likely to happen is that this stock is going to resume its decline with a vengeance. It will do what the Nifty did - 400 points suddenly. So JSW Steel is an excellent short selling idea, keep a stop loss because in individual stocks a lot of volatility can come in. But I would suspect that at least Rs 500 would again come in the stock."