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Idea Cellular can test Rs 78-79: Shrikant Chauhan

Idea Cellular can test Rs 78-79, says Shrikant Chauhan, Kotak Securities.

June 23, 2011 / 08:38 IST

Idea Cellular can test Rs 78-79, says Shrikant Chauhan, Kotak Securities.

Chauhan told CNBC-TV18, "My second bet is Idea Cellular to trade long after correcting from the recent highs of Rs 80.50. We are expecting the levels of Rs 74-73 will act as a very strong support for the stock even the retracement levels are also working fine around these levels. So we can trade long around Rs 74 with a stop loss at Rs 72 for the short term bounce to the levels of Rs 78-79 on the higher side."

first published: Jun 23, 2011 08:36 am

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