Avoid Kingfisher Airlines: Sandeep Wagle

In a chat with ET Now, Sandeep Wagle, Founder & MD, APTART Technical Advisory Services, www.aptartindia.com, shares his views on various stocks.

ET Now: What is your call on Kingfisher Airlines?

Sandeep Wagle: From a low of 17.70 day before, The stock has smartly moved up to 21.55. This is quite a good move understanding the scenario and the circumstances but it is more to do with the expectations rather than anything. if that does not come, it may even break 17 and go down.

So I would definitely say a very clear avoid and at every rally or every up move, book profits and exit or go short, maybe not today but over the next few days. I do not really see this stock and the other stocks in this space specifically also holding up and lower levels for all of the aviation stocks.