Initiate short on Jet November Futures: Vijay Bhambwani

I would short Jet Airways if it rallies close to Rs 260. Currently in the November series it is quoting at Rs 258.

| Updated: Oct 31, 2011, 12.11 PM IST

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

What is your call on Jet Airways?

I would short Jet Airways if it rallies close to Rs 260. Currently in the November series it is quoting at Rs 258, another Rs 2 higher from here and November series I would start initiating shorts on Jet November futures with a stop at Rs 264 and expect to book profits at approximately Rs 250-252 band.

Not making enough money in stocks? Click here for real-life stories of successful investors.

Too busy to trade in stocks? Invest in Mutual Funds with ET Money!