Hold Jindal Steel & Power, says Gaurav Bissa

Gaurav Bissa of LKP Securities told CNBC-TV18, "The rally that started in Jindal Steel & Power has been quite good and it has not been like a straight line. It has seen some amount of correction and then again making higher high, higher lows. So, momentum seems to be intact so far and I would not recommend to exit the stock.""These are giving good trading opportunities but I would say the fact that it is making higher highs, higher lows indicates on a weekly basis that the momentum is still intact on a medium-term. So, let us ride the trend. I would hold with a trailing stop loss of Rs 80, below Rs 80 we may see the trend again getting towards the South Pole and we may see again the levels of Rs 60-65 getting tested," he said. "If somebody is holding on and wishing to hold for a year the one can hold with a stop loss of Rs 80. The targets would be Rs 140-150."