See more upside in Jet Airways, says Sukhani

Jet Airways have potential to move up from current levels, says Sudarshan Sukhani, s2analytics.com.

Sukhani told CNBC-TV18, “Zylog Systems is a stock that fell from Rs 300 to Rs 80 is not going to go back to Rs 200 in a hurry. If that was so it would not have fallen. So there is clearly some fundamental news that has affected the stock. My best suggestion would be that now after a large decline everything bounces back. Once it bounces back, gives you 20-30 percent from current levels, not from your cost price. If you get 30 percent from current levels that are roughly about Rs 110 I would say you should get out.”
He further added, “We have been pushing Jet Airways since Rs 340-350 and since then I have been suggesting go and buy it including on Friday. If a trader is making 10 percent in probably 1-2 days, he should get out and take that profit. If one is an investor then Jet’s chart suggests more upside. There will be volatility, it can't be a one way street but he should expect that volatility, accept it and stay with it. So depending on whether one is a trader then get out or as an investor, stay invested.”