Jubilant Foodworks can move to Rs 970-980, says Rahul Mohindar, Director, viratechindia.com.
Mohindar told CNBC-TV18, "Jubilant Foodworks is a good story if you look at it from a long-term angle. Rs 868-870 is a strong resistance over the last three or four months. So if we can sustain above those levels, which we seem to be, then I think we would move to about Rs 970-980."
He further added, "If you look at airline stocks, in particular Jet Airways I am not very comfortable at this level. I think Rs 250-260 is good zones to go short at. I would really be a bit pessimistic even here and continue to be negative."
