Ashwani Gujral of ashwanigujral.com told CNBC-TV18, "On Idea Cellular the game is up. It does not probably deserve to be where it is trading. In my opinion it is a fairly decent short. It is bit volatile, went down as low as Rs 92 but each time it comes above Rs 100 I think it is worthwhile short. Other telecom stocks are also doing poorly. So, that is the view on Idea."
"Broadly, the market will be in some kind of consolidation for the next couple of weeks before the earnings come in."
"As far as today is concerned Granules India is a buy with a stop "loss of Rs 130 and target of Rs 141. Mahindra & Mahindra Financial Services is also a buy with a stop loss of Rs 310 and target of Rs 325," he said.
"Jet Airways is a sell with a stop loss of Rs 475 and target of Rs 457," he added.