Parag Doctor, Head-Trading Strategies of Keynote Capital's told CNBC-TV18, "Technically Jet Airways is in a bearish kind of trend. It has been downward for quite sometime from Rs 650 top it has been in a downtrend. And of late, pressure has come in around the Rs 480-500 zone."
"So any rally up to that level has to be sold into and irrespective of whether the deal goes through or not that is going to be the top for the foreseeable future. And on the downside we are looking at Rs 375-380 as some kind of support and that should hold for the time being and should trade between Rs 375-475 in the coming months," he added. Also Read: CCI to take call on Jet-Etihad deal after getting more info
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