Don’t invest in telecom pack: Maia Financial Services

Bharti Airtel on the charts has been a sleep almost around that 280 mark. Does it look like it could be revived in the near term?

Looks little difficult. It does not seem that it would revive. It seems that it would flatten out around these levels and probably breakdown rather than reviving. The telecom services pack as such looks weak, maybe Bharti and Reliance Communications are the two stocks which are near their support levels. Otherwise this pack as such is weak and investors should not invest in this pack.