Over years, all these stocks like Jet 514, Kingfisher 48, Spice 57. Overall there are three sectors which have been doing very badly. One is sugar, second is telecom and third is aviation.
These have completely underperformed the market even around a run up previously eight-nine weeks. So for these stocks also, they just bounced back from the lower levels, again start getting hammered.
All these stocks are not able to hold on to their supports also now. They will start cracking more. Jet, it can go down maybe up to 480 levels. For Kingfisher, maybe we can see another slide coming down. It can go up to 46 levels. Spicejet, it can go down to 55-54 levels. So aviation stocks particularly are looking very badly. They are not holding on the supports also.
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