Yeah, looks like coast is clear for jet to fly now. You may want to book profit around 700 and re-enter again when euophoria dies down little.
If deal happens on original valuations, jet will be re-rated can touch 900 in medium term.
Larsen was at Rs.1900.Now to dream about 1500 is a cruel joke and fooling the lay public. I wouldn`t touch any more of it until it enters a more competititve environment, more favorable govt. policy in place and employee rewards in stock options are more measured and long term-not annual.
Larsen had a lot of resistnce between 1422...1446....
I have 5800 CE bought @ 26.00*4 ..I will love that opening...I had bought it at 26 because My longs are safe if nifty trades above 5825(5800+25).....and above 5825..5862 I will buy Puts to cover my Longs may be at 5.00-6.00.