The target now is 365 to 376 on Bharti: Ashuu Kakkarr

In a chat with ET Now, Ashuu Kakkarr, Technical Analyst, Market Strategist, ashuukakkarr.com, gave his views on Bharti Airtel and others like Videocon, Unitech.

A quick word on some of these counters, on the charts a Bharti Airtel and others, the like of Videocon or maybe even a Unitech?

At this point of time or even in the last week when we had our discussion, I was positive on Bharti. The target now is 365 to 376 whereby some profit booking might happen. Even for that matter RComm is looking as a technical buy although the news flow if being negative or some more bad news comes into these stocks, they might come down but Bharti is the strongest of the lot. One could still go long on the stock at current market price keeping the stop loss at about 325 now for a target over 365-376. Videocon also is a technical pullback, could scale back maybe up to about 230 to 240 levels or so. So one could look to buy at the current market price keeping a stop loss of about 205 or so for a target of about 230 to 240. As far as Unitech is concerned, at this point of time the entire real estate is bouncing because they have been deeply oversold. So probably I could see it scaling back up to about maybe 65 to 68 or so. The strongest of the lot is DLF. So one could still punt on DLF going long at the current market price of 303 or so for a minimum target of 315. On the upside the upper band would be about 340.