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Mar 21, 2017 12:08 PM IST | Source: CNBC-TV18

Idea Cellular to head below Rs 98; prefer HDFC, ITC: Ashwani Gujral

Ashwani Gujral of is of the view that Idea Cellular to head below Rs 98 while one may prefer HDFC and ITC.

Ashwani Gujral of told CNBC-TV18, "Basically looks like a narrow range day, but Neyveli Lignite Corporation has opened up 7 percent so out there, there could be follow through. Day of individual stocks, I think Idea Cellular will break Rs 98 at some point and move even lower. So, telecom remains a short trade. Post this D-Mart listing, I think these retail stocks should also come off, but overall pretty flat type of day."

"HDFC is moving up slowly, so that is something people can look at. Even ITC is up 1 percent. Overall there is more on the short side in the pharma space, so that is where you will get traction," he said.

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