Buy Idea closer to Rs 92-93: Salil Sharma

Buy Idea Cellular closer to Rs 92-93, says Salil Sharma, Kapur Sharma & Co.

Sharma told CNBC-TV18, "Idea Cellular is again one of the stronger shares. Telecom has been quite resilient especially the GSM side both Idea and Bharti Airtel are looking good on the charts despite the correction, which is happening today. Rs 92-93 will be a very good support. If it comes closer to that one should buy with a 10% upside and in case of Bharti the levels would be around Rs 385 to Rs 388."
He further added, "In Sintex there has been quite a sharp fall and then it seen a day or two recovery so it suggests that one could take a chance here with a stop loss of close to around Rs 86."