The National Stock Exchange has sought additional information from Jet Airways on media reports the carrier is in talks to sublease up to seven of its ATR planes to regional airline TruJet.

Media reports on August 17 suggested Jet Airways was in advanced talks with TruJet to sublease its ATR planes with its complete crew, maintenance, and insurance.

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While sounding optimistic, LIC Mutual Fund Chief Investment Officer Saravana Kumar, said that they expect funds to keep flowing into the mutual fund industry in the long term. Although he said that near-term volatility in the market could be seen since there has been a huge rally and it would be natural for the investors to assess their risk-reward.

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CH: OUTLOOK

BANK NIFTY-UP(27635-28360)

NIFTY-UP(11285-11485)

STRATEGY BUY

SGX NIFTY 2

DOW 396.32

ASAIN MKT UP

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CH: OUTLOOK

BANK NIFTY-UP(27835-28460)

NIFTY-UP(11315-11515)

STRATEGY SELL

SGX NIFTY -41

DOW -196.09

ASAIN MKT DOWN

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Technical Analysis 

The Eros Media Ltdstock has undergone massive price correction over the last few week. However, the correction got arrested recently and the stock slipped into consolidation mode between 105 -125 levels. On Friday, there was a decisive breakout seen from this short-term congestion and hence, we expect the stock to give a decent relief rally in next few days.

The weekly chart displays more strength and hence, one can look to go long for a positional target of Rs.158 in coming weeks. Eros media ltd buy recommended around at 120- 122 target is 129 – 138 levels stop loss below 110.The weekly strength indicator RSI and the MACD both are in bullish terrain which confirms strength in near-term.

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