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Buy Bharti Airtel, BHEL; Avoid Idea Cellular: Imtiyaz Qureshi

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Buy Bharti Airtel, BHEL; Avoid Idea Cellular: Imtiyaz Qureshi

Nifty has potential to go up to 8,850-8,860 in near term, says Imtiyaz Qureshi.

The market trend remains on the upside and Nifty has potential to go up to 8,850-8,860 levels in the near term, says Imtiyaz Qureshi, co-founder & director of Investeria Financial Services.

Stock Talk

Buy Bharti Airtel: The stock has important support at Rs 282 and investors can buy Bharti Airtel around Rs 300 with stop loss at Rs 282 for target of Rs 340-350.

Avoid Idea Cellular: The stock looks weak on charts as long as it trades below Rs 90-92 and investors should avoid buying Idea Cellular.

Tata Communications: The stock has important support at Rs 480.

Reliance Communications: The stock has support around Rs 48-49 and is currently in a phase of sideways consolidation.

Avoid Tata Motors: The stock can go up to its resistance zone of Rs 555-560 and investors who were long at lower levels should book profits.

Buy BHEL: Investors can buy BHEL around Rs 132-133 with stop loss at Rs 130 for target of Rs 148-150.

Comments
Buy Ashok Leyland: Investors can buy this stock around Rs 81-82 with stop loss at Rs 77 for target of Rs 92-95.

Buy Lupin: The stock is trading in a range between Rs 1,450-1,600. Investors can buy this stock with stop loss at Rs 1,450 for target of Rs 1,610.

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