Buy Idea Cellular at around Rs 100-105, says Siddarth Bhamre

Siddarth Bhamre of Angel Broking told CNBC-TV18, "Sector per se, telecom has been under pressure but we haven’t seen huge formation of short positions happening which suggests that there would be some serious downsides from current level. I think Idea Cellular around Rs 100-105 is a very good buy level. Bharti Airtel around Rs 280-285, Reliance Communications at current level of probably around Rs 60 is a good buy." "We have suggested stocks like Idea and Reliance Communications to our clients at current level or slightly higher levels. So, my opinion may be biased but clearly data is not suggesting that from here also you will see huge downside," he said.