Short & Medium term investors start thinking about accumulating Telecom sector leading company's stock Bharti Airtel as all the telecom sector stocks crashed down, couple days on the news of per second tariff bill proposed move by TRAI (Telecom Regulatory Authority of India).
Going by Technical charts, all the indicators RSI, Stochastics, MACD & Volume (which is not there in the chart) are in oversold zone. So investors can start accumulating this stock in subsequent steps & not in single move.
As I wrote in my last article/post, market is not holding up the 5100-5150 levels in Nifty. So it is consolidating @ this level or indicating the sluggishness in the present rally. So at this level still I caution short investors to be careful about the levels 4980 & 4950 which are giving major support to Nifty.
In systematic way investors can start looking @ some stocks which are fundamentally strong & also technically in oversold zone...
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