Cable companies like Dish or Zee could go up 3% to 5%: Vijay Bhambwani

Vijay Bhambwani, Author, CEO, BSPLindia.com, in a chat with ET NOW talks about cable companies.

A quick chart check on some of these cable companies. What would be your perspective?

In the absolute near term, you could see a punt on the upsides and basically stocks like Dish or Zee could go up 3% to 5%. Having said that these are basically short term punts and there would be an overhang of overhead supply.

I do expect the markets to pick up today therefore all these counters would have some blip up. Dish could go up to 68-69.

Den Networks could move up by another 2-3 bucks. One could initiate a high risk long on all these stocks.