Exit JSPL, below Rs 104: Rajat Bose

Rajat Bose of rajatkbose.com told CNBC-TV18, "For Jindal Steel & Power (JSPL) in a short term Rs 104 should be the price to watch out for. That is a support level and if it were to close below that, then one should seek an exit. On the other hand, the target could be at best say Rs 140-150 over the short term; when I say short term, I mean five days to about five weeks."

Jindal Steel & Power ended at Rs 107.85, down Rs 6.10, or 5.35 percent on the BSE.

The share touched its 52-week high Rs 135.30 and 52-week low Rs 59.85 on 07 April, 2017 and 24 May, 2016, respectively.