Sell Idea Cellular May future with a target of Rs 108: Gaurav Ratnaparkhi

Gaurav Ratnaparkhi of Sharekhan is negative on Idea Cellular May futures. The expert has recommended sell on the stock future with a target of Rs 108 and a stop loss of Rs 119. The stock has broken its 20- and 100-day moving averages in quick succession and is heading towards its 50-day moving average at Rs 108.67.