See lower levels in Reliance Communications: Sukhani

Sudarshan Sukhani of s2analytics.com told CNBC-TV18, "It seems that Reliance Communications (RComm) started its sell-off from Rs 160. In Rs 130-135 area it consolidated and that was apparently a consolidation preparatory to a new downtrend, probably looking lower. So is Bharti Airtel, they are suggesting lower levels are coming."

At 10:13 hrs Reliance Communications was quoting at Rs 134.40, up Re 1, or 0.75 percent. It has touched an intraday high of Rs 134.50 and an intraday low of Rs 132. The share touched its 52-week high Rs 164.45 and 52-week low Rs 53.10 on 20 September, 2013 and 26 March, 2013, respectively. Currently, it is trading 18.27 percent below its 52-week high and 153.11 percent above its 52-week low. Market capitalisation stands at Rs 27,740.52 crore.