Exit SpiceJet closer to Rs 100: Prakash Gaba

Prakash Gaba of prakashgaba.com told CNBC-TV18, "I would hold SpiceJet. The only thing is chase it, chase it with a trailing stoploss. The deepest stoploss could be having Rs 65 provided you are an investor. Therefore, I would say that one could modify the stoploss closer to Rs 70-72 zone and chase it, closer to Rs 95-100 zones; Rs 100 is a stiff resistance zone but I would exit closer to that. I would not wait to chase my stops but exit closer to Rs 100."On Friday, SpiceJet ended at Rs 81.45, down Rs 0.05, or 0.06 percent on the BSE.