VK Sharma of HDFC Securities told CNBC-TV18, "Telecom is one sector along with pharma which continues to do well. Idea Cellular has formed a new high. Positions were built across the board across all the companies in the sector.”
“Between Bharti Airtel and Idea I like Idea more which closed at Rs 169 with positions being built quite aggressively. So I am suggesting to buy 170 Call at around Rs 8 with a stoploss at Rs 6 and hoping to sell this at Rs 12. Obviously the upper target can be further raised," he adds.
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