Jet can be bought on declines: Ashwani Gujral
"...on declines, Jet can be bought around 290 to about 300 and may be it has bottomed out."
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| Updated: Ashwani Gujral, Fund Manager, Ashwanigujral.com, in a chat with ET Now, gives his views on several stocks.
What would you do with Jet, Spice Jet or KFA, is there a trade here?
When you get good news you should try to take some profit off. But now on declines, Jet can be bought around 290 to about 300 and may be it has bottomed out. So, around those levels if it finds support and starts rallying from there, it should be your top choice.
In terms of KFA you would tend to buy it on a day when its able to close above 28-29. It is forming some kind of a base and if it does, chances are it could get back up to 38 to 40. So, the stocks definitely look like they are bottoming out. Now whenever you get declines and at some point that should happen.
What would you do with Jet, Spice Jet or KFA, is there a trade here?
When you get good news you should try to take some profit off. But now on declines, Jet can be bought around 290 to about 300 and may be it has bottomed out. So, around those levels if it finds support and starts rallying from there, it should be your top choice.
In terms of KFA you would tend to buy it on a day when its able to close above 28-29. It is forming some kind of a base and if it does, chances are it could get back up to 38 to 40. So, the stocks definitely look like they are bottoming out. Now whenever you get declines and at some point that should happen.
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