Stay away from metal stocks, says Sukhani

Sudarshan Sukhani of s2analytics.com told CNBC-TV18, "Jindal Steel & Power (JSPL) has a momentum driven rally that we are seeing and only savvy Nifty traders, I mean people who can enter in and enter out fast should consider it. Since most of us can’t do it, I would say stay away from all metal stocks."

At 10:27 hrs Jindal Steel & Power was quoting at Rs 153.80, up Rs 4.60, or 3.08 percent.

The share touched its 52-week high Rs 350 and 52-week low Rs 125.05 on 09 June, 2014 and 17 December, 2014, respectively.