Bharti-MTN deal has been called off and growth prospects for the company on that route is closed for the time being. With exceeding competition and prospects of recession continuing for some more time in World economies, such a tie-up may not be forthcoming in near future, though Mr Mittal is still dialing, but getting all wrong numbers. Growth prospects in India is almost capped for this sector. Telecom providers are basically making claims of new subscribers, but never report about subscribers having fallen out and subscribed to another network.
On Thursday, the news was negative, but I specifically mentioned on my Blog that bulls may take the scrip higher and come out. Exactly that is what happened. Stock opened and traded as high as 467 and fell back to 435 at close.
Current opportunity may be utilised to come out of the scrip to re-enter below 390 (to be reviewed).
Well u may not know the strenght of bharti...on monday nifty is expected to open gap down....then we will se the strength of this share....since from the past observations when ever the markets use to fall, bharti used to be the onl share to recover very fast...one such thing is gonna happen on monday...wait and watch....
Possible. That is how the bull played till date to maintain the index. When all fall down, they will find a couple of heavy weights to be taken higher and vice versa.
So, better to make use of this opportunity and sell higher so that when the entire market goes up, this will be coming down.
I have bought 100@455 & 100@430 & 50@420 , now no more money left and this is this is the only stock in my portfolio. I can hold on to 3 months. Since u all r talking of downwards targets will i get my rates or any profits now in next 3 months.
there is no downtrend in this stock.. it will go up but is just following the market. as it rose quite high there was some selling. no need to panick would come around 480.. just let the market settle.. no triggers so global ques and THE 2nd result quarter is coming. hopefully Diwali 30 mins session should do for you.
Hi, if you have put all your cash into this stock already, then hold; you may get a chance to sell around 435-440 in a few weeks; and you can sell some share to free up cash.
I am considering entering at 411,do you think this is a good level to enter or should I wait for a further dip? I cannot hold for more than a period of 4 months.What do you advice?
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