Technical Analyst, Sudarshan Sukhani is of the view that one can stay away from aviation space.
Sukhani told CNBC-TV18, "All these moves in Jet and Kingfisher which we have just seen, there are probably a flash in the pan. I don't think there is anything in the chart to justify any investment buying and for a trader also, 25% move in one day is not really something that you can catch on. I don't even see this as a buy on dips opportunity, so it is far better to stay away. These stocks are fallen, there is no base building and these random sudden jerks should be ignored."
Disclosure: Analyst has delta neutral positions in Nifty and investments in shares.
