Buy Idea Cellular on dips: Sudarshan Sukhani

Sudarshan Sukhani of s2analytics.com told CNBC-TV18, "For some reason power stocks are giving us interesting signs on the long side. I would be a buyer in Tata Power and Reliance Power."

"I would also be a buyer in Idea Cellular. Idea is in a bull market of its own. So, a dip in Idea is a buying opportunity irrespective of the Nifty," he said. At 14:21 hrs Idea Cellular was quoting at Rs 168.05, up Rs 3.25, or 1.97 percent. It has touched an intraday high of Rs 168.80 and an intraday low of Rs 164.85. The share touched its 52-week high Rs 177 and 52-week low Rs 82.25 on 16 August, 2013 and 11 October, 2012, respectively. Currently, it is trading 5.06 percent below its 52-week high and 104.32 percent above its 52-week low. Market capitalisation stands at Rs 55,737.42 crore. Disclosure: I have positions in the Nifty. I do not have any position in the stocks discussed.