Buy Jet Airways, Escorts, NIIT; sell Marico: Ashish Kyal

Ashish Kyal, Founder & CEO of wavesstrategy.com told CNBC-TV18, "The first pick will be Jet Airways. The aviation stocks have been in the buzz with SpiceJet and Jet Airways doing good over the short-term. Jet Airways is a buy with a stop loss of Rs 384 on the downside and target on it can be expected around Rs 455." "Escorts is a buy. It has managed to form a base, very strong around Rs 155-160 levels and showed a very strong momentum bar yesterday. So, the momentum can continue and the target can be expected at around Rs 194.40. The stop loss is going to be Rs 170," he said. "NIIT has been moving in a higher high, higher low formation. It has been managed to sustain above all the moving averages. It is in a buy with target around Rs 112 and the stop loss has to be around Rs 96 on the downside.""The sell recommendation is going to be on Marico. The stock has failed to show any kind of upside move and looks like the entire pattern over past few weeks has been on distribution. A break below Rs 380 can result in a very sharp decline. So, Marico is a sell and stop loss on upside maintained around Rs 408. On the downside, target can be expected at around Rs 370," he added.