Bharti Airtel may tests Rs 381, says Hemant Thukral

Hemant Thukral of Aditya Birla Money told CNBC-TV18, "We are recommending Bharti Airtel for two reasons. One, 8 percent open interest addition yesterday. It is more interesting that out of that 8 percent, 6 percent is in July series. As a result, the July rollover figures look very attractive."

He further added, "The stock has already shown a rollover of 57 percent and its last six months average of T-2 is only 38. So, already a big jump in the rollovers suggest that the buying interest is coming back. The cost has gone up, that means the premium in the next month future is higher than this month. So, clearly telling that long positions are getting into the system."

"Technically the stock is now managing to stay above Rs 355, we have kept a tighter stoploss seeing the market condition, so Rs 364 should be kept as a stoploss and we expect Rs 381 in next two to three trading sessions itself."