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Sell Jindal Steel & Power: Sukhani

Sudarshan Sukhani of s2analytics.com is of the view that one can sell Jindal Steel & Power. This stock keeps going down. It rallied and fell into the first wall of resistance at Rs 340. From there it started coming down and today it is breaking intraday support levels, he adds.

May 09, 2013 / 18:37 IST
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Sudarshan Sukhani of s2analytics.com told CNBC-TV18, "One of my favourite selling candidates in recent month has been Jindal Steel & Power (JSPL). This stock keeps going down. It rallied and fell into the first wall of resistance at Rs 340. From there it started coming down and today it is breaking intraday support levels. So go and sell JSPL."


He further added, "Buying should be done in IT stocks. Today I would suggest in the afternoon go for Wipro. It is on the verge of a breakout on the upside. So buying it is a good idea."
first published: May 9, 2013 06:37 pm

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