Jet Airways (India) has soared 16% today after its board approved the 24% stake sale to Abu Dhabi-based Etihad Airways for about Rs 2,058 crore. So should you SELL Jet Airways or other aviation stocks today?
Check out the trading strategies for aviation stocks and other frontline stocks with Sahaj Agrawal, Deputy Vice President – Derivatives Research at Kotak Securities.
Smartinvestor : Where do you see the expiry this time around and how is the bias going forward next month?
Sahaj Agrawal : I expect expiry around 5,900 levels. Since Nifty and component stocks rollover remains strong, do not expect much volatility towards the expiry.
Sahaj Agrawal : Expect the positive bias to spill over the next series as well with major resistance seen around 6100-6150. On the downside strong support is seen at 5780.
Smart Investor: Do you have any strategy for the aviation sector?
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