Sukhani told CNBC-TV18, "Jindal Steel & Power (JSPL) is a buy. What happened yesterday was that after a very deep decline, there was some consolidation and this stock closed higher, broke out of an intraday consolidation."
He further added, "For the day trader and we are only talking about the day trader or the short-term trader one day, two days, JSPL represents a buying opportunity. Sometimes when the Jindal stocks go up, they go up very sharply. It is quite possible we may be seeing such a day today. So take a position on the long side, it is quite easy to get a big move on the upside."
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