Traders call: Sell Jindal Steel&Power for target of Rs 1510-1440

MUMBAI: Nirmal Bang has advised traders to sell Jindal Steel&Power for target of Rs 1510-1440-1340. It is a positional call with a holding period of 1-5 days.

���Sell Jindal Steel&Power on the rise as we have witnessed distribution above the Rs 1700 mark. Keep a stoploss of Rs 1630. The stock has rallied almost 75 per cent from March���09 low of Rs 970. The stock has resistance at Rs 1680-1715 levels and can touch target of Rs 1510-1440-1340,���Nirmal Bang report said.

Note: The above recommendation is a positional call with a time-frame of 1-5 days.