Above Rs 104, JSW Energy may test Rs 108-110: Taparia

Chandan Taparia of Anand Rathi told CNBC-TV18, "JSW Energy has seen rollover of 92 percent in the last series. The stock is just consolidating, taking huge support near to Rs 95. We are observing fresh Put writing at the 100 strike. Above Rs 104, the stock can fly towards Rs 108 and Rs 110."

"All longs are intact and holding above Rs 104 may attract fresh short covering activity. We are recommending to go in 110 Call which is trading near to Rs 2. Keep the stoploss of 0.50 paisa and this Call can go to Rs 5 on the higher side," he added.