Atul Badkar bullish on Bharti Airtel, Infosys

Atul Badkar of Edelweiss Securities is bullish on Bharti Airtel, Infosys and Rural Electrification Corporation (REC).

Badkar told CNBC-TV18, "Bharti Airtel at Rs 270, Infosys at Rs 2,360, Rural Electrification Corporation (REC) at Rs 215 – so these three stocks is what we have been focusing on. We have seen them consolidating well. Fundamentally, we are quite bullish on these names over the next two-three quarters and even on charts they are looking like just about to consolidate for a move up to about 3-4 percent."
He further added, "But more importantly the Nifty around 5,630 which will continue remaining a resistance at least for a bit, maximum can move around 5,670 or 5,700. So you do not have cues coming in for the next five-seven trading sessions from anywhere, not domestic, maybe to a certain extent globally. I think 5,550 where immediate downside will remain. I do not see the 5,550 mark being breached that easily, so pretty much range bound."