Avoid JSPL, Jain Irrigation: Sukhani

Sudarshan Sukhani, s2analytics.com is of the view that one should avoid JSPL, Jain Irrigation. Jain Irrigation continues to remain a sell because the targets for this down move are somewhere around Rs 50.

Sukhani told CNBC-TV18, “I would not buy JSPL. It is very difficult to say, I could short it at these levels but it is not a buying opportunity that is for sure. The best case scenario is to avoid it. He further added, “The sense was that Jain Irrigation is finally coming out of its bear market and it is not. Jain Irrigation continues to remain a sell because the targets for this down move are somewhere around Rs 50. Secondly, even if those who do not want to short sell please do not buy it; this is like catching falling knife, not a good trade.”