Enter Idea Cellular around Rs 90, says SP Tulsian

SP Tulsian of sptulsian.com advises traders to enter in Idea Cellular around Rs 90.

Tulsian told CNBC-TV18, “I am not finding much attraction in Idea Cellular. Maybe a level of Rs 90 seems to be a good entry point largely for the traders. But since my cautious stance remains on the telecom stocks, both including Bharti and Idea Cellular, I am surprised that why stock has moved to about Rs 105-106 levels coming in yesterday.”
He further added, “Whenever we see the rally coming in it doesn’t sustain, it again quickly gets corrected to about Rs 96-97. So, maybe a range of Rs 95-105 can be taken as a near term range but I am not keeping my positive stance. This stock seems to be purely for a trader for a trading gain of about couple of rupees.”