Idea Cellular may slip to Rs 44: Thacker

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Idea Cellular may slip to Rs 44: Thacker

Idea Cellular may slip to Rs 44, says Technical Analyst, Mitesh Thacker of miteshthacker.com.

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Excerpts from Closing Bell on CNBC-TV18 Watch the full show » ALSO READ See previous views by Mitesh Thacker See what other Experts & Brokerages are saying about Idea Cellular See messages about Idea Cellular Idea Cellular BSE | NSE 13/02/12 Are Mutual Funds betting on Idea Cellular?

Technical Analyst, Mitesh Thacker of miteshthacker.com  is of the view that Idea Cellular may slip to Rs 44.

Thacker told CNBC-TV18, " Idea Cellular can probably move towards Rs 44 level. It's been surprising in the sense that we have seen Bharti Airtel bounced back strong, Reliance Communications has given some kind of a technical bounce back for the last two days. But Idea Cellular failed to participate and is now again back to its lows of the decline. So Rs 44-45 probably could be levels where we can see some kind of decline being arrested. The bad part is that on every fall we have seen open interest being added. So even that bounce back if it happens from those levels would be short-lived and probably exit opportunity. "