Buy Bharti Airtel, Idea Cellular, Reliance Comm: Sukhani

Sudarshan Sukhani of s2analytics.com advises traders to buy Bharti Airtel, Idea Cellular and Reliance Comm.

Sukhani told CNBC-TV18, “Pharma stocks no longer have the pattern that defensives earlier used to show. Pharma is a very clear up trending sector. So I would be very sure that pharma is something that we should be buying into. I would not go and buy Tata Motors. But I would certainly be a buyer in telecom in all three – Bharti Airtel, Idea Cellular and Reliance Communications, all three are good enough.”
He further added, “Some specific stocks are likely to weaken. IFCI appears to have made a very bearish pattern and no matter what the Nifty does I do assume that IFCI will continue to go down. There is a warning here, if the markets are cheerful then we can't have it both ways, we cannot expect the markets to go up and also keep on shorting. So if the markets open better on Monday then avoid short positions.”