Sudarshan Sukhani of s2analytics.com told CNBC-TV18, "Today was a water fall decline in Jaiprakash Associates and Jaiprakash Power. If one is a short-term trader and happen to have short positions one must take profits now. This is a very good time to exit, take your profits."
"Today's market decline has been on news. News based declines and rallies are sometimes susceptible to big reversals," he added. Also Read: JP Associates down 8% on shelving cement unit sale plan
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