Expect Bharti Airtel to decline 5-8%: B Krishnakumar

B Krishnakumar of fundsindia.com told CNBC-TV18, "Bharti Airtel is definitely bearish and we expect another 5-8 percent kind of downside from the current levels. Even Idea Cellular showed some momentum, but the rally fizzled out at the prior highs. This was sort of the case with Bharti Airtel. It went to a key resistance zone last week and stopped out and it is on a downtrend. So, we are not too bullish on Bharti either."