Sukhani upbeat on Idea Cellular

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Sukhani upbeat on Idea Cellular

Technical Analyst, Sudarshan Sukhani is of the view one should stay away from ADAG group stocks for some time and the analyst is upbeat on Idea Cellular.

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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 Idea Cellular See messages about Idea Cellular Idea Cellular BSE | NSE 10/02/12 Are Mutual Funds betting on Idea Cellular?

Technical Analyst, Sudarshan Sukhani is of the view one should stay away from ADAG group stocks for some time and the analyst is upbeat on Idea Cellular .

Sukhani told CNBC-TV18, " Reliance Communication is out of the radar because I do not know what is going on in that entire group. Something is certainly unusual not just Reliance Communication the rest of the stocks of that group. ADAG group so literally being felt so it is better to stay away from these stocks for some time now."

He further added, "I am more upbeat on Idea Cellular. The stock is falling fair enough, most telecom stocks are. At some time Idea should be a very attractive buying opportunity. About support levels few days ago when Punj Lloyd was falling on the back of bad news it was Rs 250 and I suggested that support comes at Rs 180 and yesterday it was Rs 180 plus so sometimes these levels do make sense."