Idea Cellular has target of Rs 110: Sukhani

Sudarshan Sukhani of s2analytics.com is of the view that Idea Cellular has target of Rs 110.

Sukhani told CNBC-TV18, "I have also been pushing telecom stocks, Bharti Airtel has been a favourite. Reliance Communications has come in our buy list and Idea Cellular. Idea is now looking at Rs 110 target in the short-term, the telecom charts are very nice. We will have those inevitable corrections and the trade is to remain long."
He further added, "I would be a buyer in Tata Motors but there is no rush. It has gone and done its bit. The chances are that it will remain choppy. So a good trade is not going to be available in Tata Motors today. It will be in banks, in metals and in Reliance and Oil and Natural Gas Corporation (ONGC)."