Short Bharti Airtel, recommends Amit Harchekar

Amit Harchekar of A Plus Analytics told CNBC-TV18, "In the last few days, Bharti Airtel has negated a 50-day moving average (DMA) breakout and that indicates that the stock would be again heading into consolidation phase. Since there is a short rollover which is going on even at current level, we are expecting the stock to move towards the zone of Rs 325-328. So keeping a stop loss of Rs 365, we would recommend going short on Bharti Airtel."At 15:07 hrs Bharti Airtel was quoting at Rs 352.00, up Rs 0.10, or 0.03 percent. It has touched an intraday high of Rs 354.10 and an intraday low of Rs 348.45.