Sell JSW Energy: Shardul Kulkarni

Shardul Kulkarni of Angel Broking told CNBC-TV18, "We have a short call in case of JSW Energy. There is a trading opportunity in that particular counter. There is a breakdown on daily charts and further lower levels are possible. I would sell the August futures contact, the stop loss is Rs 40.70 and target of Rs 33 in the stock."

The share touched its 52-week high Rs 75.00 and 52-week low Rs 39.30 on 22 January, 2013 and 01 August, 2013, respectively. Currently, it is trading 51.2 percent below its 52-week high and 6.87 percent above its 52-week low. Market capitalisation stands at Rs 6,002.60 crore. Disclosures: It is possible that we have positions in the stock discussed and we have recommended them to our clients.