Bharti Airtel has support at Rs 190-200: Sukhani

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Bharti Airtel has support at Rs 190-200: Sukhani

Technical Analyst, Sudarshan Sukhani is of the view that below Rs 270-280, next support for Bharti Airtel at Rs 190-200.

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Excerpts from Closing Bell on CNBC-TV18 Watch the full show » ALSO READ See previous views by Sudarshan Sukhani See what other Experts & Brokerages are saying about Bharti Airtel See messages about Bharti Airtel Bharti Airtel BSE | NSE 10/02/12 Are Mutual Funds betting on Bharti Airtel?

Technical Analyst, Sudarshan Sukhani is of the view that below Rs 270-280, next support for Bharti Airtel at Rs 190-200.

Sukhani told CNBC-TV18, "For Bharti Airtel, Rs 270-280 was that strong zone of support, it's very worrying that Bharti is not apparently holding that zone of support and that tells us that the next levels for Bharti are almost Rs 190-200. So I am quite puzzled but this is not the stock that I would like now to own even at the cost of taking a safe beating if I held it. So this is very puzzling and very disappointing and much lower levels apparently are on the anvil."

He further added, "On Reliance we have heard it's done all the right things and it has significant resistance at every level from now on, so my personal perception would be that whatever was to happen to RIL in the near future has happened today."