Short JSW Steel, JSPL, SAIL: Tulsian

SP Tulsian of sptulsian.com told CNBC-TV18, “One can choose to go short the metal stocks like JSW Steel, Jindal Steel & Power (JSPL), Tata Steel, Steel Authority of India or may be some of the private sector banks like Yes Bank and in the public sector banks one could look to go short on the stocks like Canara Bank. So, these are the few ideas, short call on the metal and short call on the PSU banking stocks."

JSW Steel closed at Rs 678.10, down Rs 18.50, or 2.66 percent. It touched an intraday high of Rs 705 and an intraday low of Rs 672.20. Jindal Steel & Power closed at Rs 305.20, down Rs 5.90, or 1.90 percent. It touched an intraday high of Rs 312.90 and an intraday low of Rs 304.15.