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Idea Cellular may test Rs 170: Parag Doctor

According to Parag Doctor of Keynote Capital, Idea Cellular may touch Rs 170 on the upside. "The stock was making highs till a couple of weeks back. It has found support at Rs 150-155 levels and not going down below that level," he adds.

August 12, 2013 / 13:47 IST
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Parag Doctor of Keynote Capital told CNBC-TV18, "Idea Cellular has been a good stock on the upside. The stock was making highs till a couple of weeks back and now it has found support at Rs 150-155 levels. It is not going down below that level."

"The telecom sector and the other defensives probably would see buying now, so we expect levels of Rs 170 on the upside, maybe even higher, maybe in the next couple of weeks and the stop loss for the trade would be around the Rs 153 mark," he added.

Disclosures: I don't have any personal positions, we may have recommended to our clients.

first published: Aug 12, 2013 01:47 pm

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