Prefer SpiceJet, says Ambareesh Baliga

Ambareesh Baliga, Independent Market Expert told CNBC-TV18, "From a trading point of view, thanks to demonetisation, airlines are accepting Rs 500 notes and because of which I think the next couple of months people would have booked all through whether they would use it nor not. So, I think that is one which is positive at least in the short term for the airlines.""We are still seeing that oil prices are subdued, so I think that is another positive. However, I think SpiceJet with the sort of numbers which have come should be a better pick than Jet Airways," he added.