Wait and Watch for Jindal Saw: Deepak Mohoni

In a chat with ET Now, Deepak Mohoni, Director, trendwatchindia.com shares his views about Jindal Saw Limited.

ET Now: What is your call on the Jindal Saw?

Deepak Mohoni: In the last few days, Jindal Saw has narrowed down into a range and potentially you could have a breakout. But the addition of open interest implied could be a breakout in either direction. The level to look out for an upside move is closing above 160 which could result in a pretty strong move and the fall below 150 to 153 could be a breakdown for the stock.