Ashish Chaturmohta of Fortune Equity Brokers told CNBC-TV18, "Idea Cellular recently, in a single day has seen a buildup of almost 35-40 percent. Post that we saw some liquidation from Rs 170 to Rs 155 in the stock and around Rs 155 we saw some kind of base building. So those who exited around Rs 170-175 zone are trying to buildup their position and that gives a sense that Rs 155 mark should act as a very strong support for the counter."
"We expect the stock to again be somewhere around Rs 168-170 zone. So one can initiate a long position in Idea, can keep a stop loss below Rs 155 and we expect the stock to test somewhere around Rs 170 in next one-two weeks," he said. Also Read: Idea Cellular approves raising upto Rs 3000cr via QIP
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