Hold Reliance Communications, says Rajat Bose

Rajat Bose of rajatkbose.com told CNBC-TV18, "I personally avoid telecom sector for any investments. I would suggest holding on to Reliance Communications with a stoploss below Rs 30. It is showing some signs of initial recovery."

"For any real recovery, any further upside targets, it needs to take out the level of Rs 43 where its 200-day exponential moving average is located but this is one story where the initial premise of the investment was faulty. This is not a sector where a small investor should come in," he added.