Friday, November 19, 2010

As expected Nifty made a low of 5917 and closed at around 6000. It bounces back from our range of 5920-5940

 
Stock View:  Jet Airways

Jet Airways has outperformed the benchmark indices for past few days, this strength has come in after few days of a big breakout from ascending triangle. The stock has been consolidating between 850-920, but it seems breakout will occur from this consolidation very soon and it may head to 1000 odd levels. Buy Jet Airways only if it sustains above 918-920 with stoploss of 900 and targets 975/1000 in short term.




Have a nice day

Regards

Ankit
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1 comment:

  1. alphabet1November 21, 2010 at 7:05 PM

    Hi Ankit,

    Somehow Jet is not giving me confidence. It spurted on Maran-takeover news which is now in the price. I think it will drift to 800 levels first before any surge again.

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