Buy Jet Airways on dips, target Rs 795: Simi Bhaumik

Simi Bhaumik of simibhaumik.com told CNBC-TV18, "I was bullish on Jet Airways for quite some time and not just Jet, even the whole aviation sector is looking good. SpiceJet and Interglobe Aviation are also doing well. Even in this fall they are holding the fort. So I have a buy call in Jet Airways even at these levels around Rs 740-750 range because this stock is making a pennant and I am expecting it to stage a breakout on the upside. Pennant is being made between Rs 725 and Rs 745.""As long as it holds within this range, any dip should be taken as a buying opportunity. Short-term stop loss should be below Rs 710 and my targets are Rs 770-785 and Rs 795 on the upside. We might have to hold it for sometime but it is going to cross Rs 800 also, you have to give it time," she said."Any bank is a selling opportunity. They are giving big selling opportunity in this market. Yes Bank has not yet broken its December lows but I am expecting it to test December low of Rs 668 for a minimum. It has broken its major support around Rs 695-705 range and is trading below that level very well. As long as it stays below Rs 700, I am suggesting to go short in the stock, maintain your stop loss above Rs 710, target can be Rs 670 to 660 for a minimum. In fact, if it happens to break Rs 660, I am expecting it to settle below Rs 650-640 range. So there I would maintain my short call and I will place my stop loss above Rs 710 or Rs 715."