s.aradhye
Long

BUY JETAIRWAYS 535-530 SL below 525 Target 575

NSE:JETAIRWAYS   JET AIRWAYS INDIA INR10
16 0 2
JET AIRWAYS IS MAKING MULTIPLE BOTTOMS IN RANGE OF 520-530 AND BOUNCING BACK. I EXPECT IT TO BREAK OUT OUT OF DESCENDING TRIANGLE.

WORD OF CAUTION : NIFTY             IS TRADING AROUND 8970 IN FUTURES SO WE CAN HAVE CORRECTION .

SO I WOULD GO LONG IN JET AIRWAYS AND HEDGE IT BY SELLING NIFTY             CALLS OR FUTURES
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