Short JSW when it goes up around 1140: Vinith Jain, Siddh Capital

Vinith Jain, Director, Siddh Capital, in a chat with ET Now talks about JSW.

What is your take on JSW?

The metal stocks have been on the downtrend. It has been the weakest link in the current past, the recent past. JSW was no exception. It had made a double top formation in the month of April at 1300. So the call will be to short the stock when it goes up around 1140. This is where I see a resistance. So one should be shorting for a downside up to 920.