Sudarshan Sukhani of s2analytics.com told CNBC-TV18, "Idea Cellular had a corrective dip, a sharp decline and then it stalled yesterday. It actually gained on a day when there was lot of catastrophe. Idea at Rs 150 has a strong support zone, give or take a few rupees here or there. A rally to Rs 170 is possible. So, assume whenever a relief rally starts Idea should be one of these distinct outperformers."
"One should not run after banks or financials in any kind of relief rally because that will be a mirage. It would go up and after 10 minutes it could come down also. It is far better to stick with the stronger ones. Idea should be on our focus for any strong day," he said. Also Read: Idea Cellular approves raising upto Rs 3000cr via QIP
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