Exit SpiceJet, says Bhambwani

Technical Analyst, Vijay Bhambwani is of the view that one can exit SpiceJet.

Bhambwani told CNBC-TV18, "I would favour getting out of SpiceJet as soon as possible and look forward to recovering this money elsewhere. In terms of levels, I think Rs 12 is a level where it can actually go down to in a bearish kind of scenario and on the upsides Rs 28-30 levels is where a lot of pressure will exist from bulls that are trapped at higher levels. So I think the sooner you get out of this stock the better it is."