Bharti can climb a bit if Nifty supports: Technical Trends

Telecom as a space, technically on the charts?

Sudarshan Sukhani: As of now, it does not look as if Bharti is going to outperform. It is in a very narrow range, so if the Nifty goes up, that range could well break out on the upside and then we could see slowly targets of 400, that would be impressive but for the other stocks, even that pattern is not there. Bharti has the potential of moving up a bit if the Nifty supports it.

What is the call on Deccan Chronicle?

Sudarshan Sukhani: It is a good stock to trade in on the long side, it goes through the periodic sharp correction which is when you buy them. I have said this earlier it is my sense that slowly and steadily in spite of the ups and downs we will see 100 in the stock.

A quick view on HCC?

Sudarshan Sukhani: What’s happening to infrastructure stocks is exactly what happened to media, electronic media yesterday. Suddenly all of them are jumping up and they are giving very good gains, so we have to distinguish between an HCC where the charts are not suggesting anything and a Punj Lloyd, which may well be bottoming out and is probably a buy, so HCC is not a very attractive but Punj Lloyd is. We have to separate them.