Hold Jet Airways, target Rs 800: Kunal Saraogi

In a chat with ET Now, Kunal Saraogi, Technical Analyst, www.equityrush.com, talks about the outlook of aviation stocks.

Would you sell out into the rally into the aviation stocks or stay put?

Not quite. The rally that we have seen now on aviation can continue and the breakouts are happening with big volumes. So my sense is that this rally might actually continue. The top pick here definitely is Jet Airways which has broken out after a long period of consolidation. I can see targets close to Rs 800 on that stock. So I would rather hold on here.