Kulkarni told CNBC-TV18, "Incase of the telecom stocks Idea has been consistently falling from the levels of Rs 100-101 right upto Rs 75-76. Does it make a case to go long because of today’s recovery? No, I am afraid not because the weekly chart structure is quite disturbing and I would expect further selling pressure incase of Idea Cellular. So we are expecting that stock may go sub Rs 70 levels over the next 3-6 weeks going forward. So the recommendation would be that any rise in case of Idea Cellular should be used to move out of the stock."
He further added, " Bharti Airtel on the other hand has a support at around Rs 300 if it manages to close above Rs 300. If that does not sustain then you may see the levels of Rs 280 being tested once more in case of Bharti Airtel."
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