Buy Jet Airways on dips: Vijay Bhambwani

Vijay Bhambwani, Author, CEO, BSPLindia.com, in a chat with ET Now, gives his stock call


What is your call on Jet Airways?

Jet Airways is a contrarian call because it does appear to be trading closer to the oversold levels. Not that I am convinced about the long term chart and its relative weakness vis-à-vis the Nifty but this is an absolutely high risk appetite trading strategy. If it does fall to Rs 220 to 229, I would initiate a high risk buy on this counter with a stop at Rs 226 and I would anticipate profit booking opportunities between Rs 232 to Rs 234 or close whichever is earlier.