Rahul Mohindar of Viratechindia is of the view that one can accumulate Bharti Airtel on dips. It is a safe bet for medium term, he added.

Mohindar told CNBC-TV18, "Its heartening to see the volumes, those formations are on the positive side. In fact in the entire sector, we think Bharti could continue to perform and probably safe bet from a medium term frame."

He further added, "In the short term, if the index is lets say moving another 2% or so which I am expecting and then getting some resistance for the short term. Keeping that in mind, I don’t think these are trades you want to take for  a day or two but you could kind of use any downfall to accumulate into the stock, so keeping a horizon of even a month or two is still worth it if you are considering that frame."