Buy Idea Cellular on every dip: Parag Doctor

Parag Doctor, Head, Trading Strategies of Keynote Capital's told CNBC-TV18, "Technically Idea Cellular is in strong hands and the entire telecom sector is doing well. Idea Cellular has made new highs consistently for last few months, so every dip has to be bought into and we are going into that kind of correction right now. The stock is down from Rs 160 plus levels which we have seen in the morning. It can go at the most to around Rs 140-145 levels which should be a good entry point and in the short-term to medium term Rs 165-170 is possible."

"As far as the longer term goes if one has a three-five year horizon then definitely it is a good portfolio pick and it should give 15-20 percent Compound Annual Growth Rate (CAGR) returns in the next three-five years," Parag Doctor said.