Sell Jindal Steel & Power, advises Sudarshan Sukhani

Sudarshan Sukhani of s2analytics.com told CNBC-TV18, "Jindal Steel & Power (JSPL) is promising to go below Rs 100, it is a disappointment but that is the way the markets are. We have been downbeat on JSPL for a longtime. So it is a short sell and it not on just a day trade it is probably something you can carry for sometime."

At 09:39 hrs Jindal Steel & Power was quoting at Rs 127.60, down Rs 1.70, or 1.31 percent. It has touched a 52-week low of Rs 124.