Sep 06, 2013 06:38 PM IST | Source: CNBC-TV18

Book profits in Bharti Airtel, Idea best bet: Kulkarni

Shardul Kulkarni of Angel Broking is of the view that one may book profits in Bharti Airtel at around Rs 324-325. He feels Idea Cellular is the best bet among the telecom stocks.

Shardul Kulkarni of Angel Broking told CNBC-TV18, "Bharti Airtel can move towards Rs 324 to Rs 325, but I would be skeptical on the overall chart structure. So, around Rs 324-325 I would look at booking profits and moving out if I have any positions."

He further added, "Idea Cellular is the best chart. If one sees the chart structure, it is a strong higher top, higher bottom cycle. The stock is in a very up trend, very good strong support at around Rs 150. It is possible that Idea will do far better than Bharti Airtel."

"Reliance Communications has moved up and is already at a decent high of around Rs 140-142 which is resistance level in case of the stock. Overall from the telecom space Idea is the best bet," Kulkarni said.

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