Sell Jet Airways post deal, says Sanjeev Agarwal

Written By Unknown on Kamis, 14 Februari 2013 | 20.07

Sanjeev Agarwal of Dynamix Research and Capital Management advises traders to sell Jet Airways post deal.
 
Agarwal told CNBC-TV18, " Jet Airways is consolidating. Stop loss of Rs 560, the stop loss is somewhere there; one should use any upside, whatever upside you get after the announcement of the deal the moment it is announced the stock should spurt at that point of time one should exit because overall I feel the equity market in 2013 is going to have a very-very tough time."
 
He further added, "Jet Airways is one of the stock which is holding up just because of this deal and once this deal is through it is always said "buy on rumors sell on news." The moment the news comes one should sell and get out."

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