Bharti Airtel

To Prashant's query: Having fallen in this settlement in a huge way, this stock will find it difficult to move higher. If any positive sentiment develops or during relief market rallying days, it could move up higher to 350 or 365. It is likely to trade a band of 310 - 350/365 into next settlement and likely to break 310-300 at some time in the next month or so and head lower to 250-270 where it is likely to find some value buying. DOT has tentatively fixed Jan.07.2010 for the "auction of 3G spectrum" and Bharti Airtel is one of the front runner with a huge subscriber base.
The levels mentioned are approximate and on breaking of 310-300 only, the lower levels will be seen. Without hourly data, it is not possible to fix a time frame. This stock may pre run the reversal along with cement & Auto stocks in the coming months.
Invest in FMCG stocks such as ITC, Tata Tea and
Pharma stocks during this corrective period.