Manghnani's view on Jindal Steel & Power

Anil Manghnani, Modern Shares & Stock Brokers shares his view on Jindal Steel & Power.

Manghnani told CNBC-TV18, "I think between JSW Energy or JSW Steel I normally track Jindal Steel and JSW Steel. I think still what the market is doing where, even the market is trying to correct up to that 50% retracement I think similar is happening in across metals or even infra. So I think the JSW Steel around the Rs 675 mark is the 50% retracement. So you will have to keep an eye as to what it does there. Jindal Steel got hammered the most, the Rs 520-523 mark is still the crucial level. So as long as it comes there and doesn