Go short on Jindal Steel, stop loss Rs 655, target Rs 620: Ashuu Kakkarr

In a chat with ET Now, Ashuu Kakkarr, technical analyst, talks about the outlook of Jindal Steel.

What is your view on Jindal Steel? Do you believe the stock can show a bit of a spike up or will it cool off?

Jindal Steel at this point of time is looking technically weak again. For a short-term traders' perspective, with a stop loss about Rs 655 or so, one could go short for a target about Rs 620 and then Rs 602.