Exit aviation sector: Mohindar

Published on Tue, Nov 17, 2009 at 18:21 |  Source : CNBC-TV18

Updated at Tue, Nov 17, 2009 at 19:09  

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Rahul Mohindar, Viratechindia

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Rahul Mohindar of Viratechindia is of the view that exit aviation sector even on decline.

Mohindar told CNBC-TV18, "We have been seeing good rally in Kingfisher Airlines and Jet Airways and probably you could see them moving up a little more to the tunes of 5-10%. But again if we look at the overall picture, if we look at the weekly, if we look at the long-term charts - I don't see this sector really breaking out in a big fashion. So probably it's only short-term money that is on the table. My own sense is even though you have seen decline, its worth getting out because you will see brighter opportunities in other sectors, so I would be negative on the space however there could be a short-term upmove at the same time."

  

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