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.
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Sep 06, 2013, 06.38 PM | 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.

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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.

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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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