Prefer Idea Cellular, says Sudarshan Sukhani

Prefer Idea Cellular, says Sudarshan Sukhani of s2analytics.com.

Sukhani told CNBC-TV18, "Telecom is a dream sector. It is not going to stop here. We have already seen how fast the rally has been. All we are seeing is pauses and then renewals of this rally. If something is going to go up today then that could easily be telecom rather than Bharti Airtel."
He further added, "Idea Cellular is in a narrow range. Narrow ranges usually get resolved in the direction of the original trend. I would assume the original trend here is up. Traders should watch patiently for the 15-20 minutes. Whenever they see a mild breakout from today’s morning range go for it, not just Idea in fact Reliance Communication and Bharti, although Idea is the preferred choice for today." Disclosure: I have no holdings in the above stock.