I dont see it coming back to 30/35 levels, as it had taken beatings from 90 this years high to almost half the price.
It is consolidating at current levels and we will see a sure bounce back of 65 till next month and 100 by march.
So guys have patience and accumulate it.
Never gonna get this at such low price.

This is too optimistic.
If it happens to gain from 15 to 20 percent by the FY closing, it will be great. But, before even that may test mid forties level - ACCUMULATE at that levels.

I read that analysts have downgraded IDEA with target 43. I do not believe analysts reports, remember when Hindalco was at 80s level analysts were saying target of 45/50. Today Hindalco is above 125.

Days are not good for telecom sector, but if promotors are good investor should not worry much. In fact drop in share price should be used to accumulate shares. I donot think Idea will drop to 43 level. If it drops to that level,I will take it as an opportunity to accumulate.

The way Idea has been moving, it may well be available below 50s and one should start accumulating in small quantities, and be assured will getting profits not only in medium to long term but also in short term.

so varner, whats ur call now...?
I have accumulated a huge quantity @ 51. Planned for 49 but got that in 51. Never mind to pick more if it goes to 40`s but i dont think it will go to 40 levels. On the whole Telecom stocks beaten the most and for sure these stocks will rock in coming days. Iam very optimistic in this counter.

But i wonder, why the hell IDEA alone beaten on Friday when almost all the stocks are going fine in fridays trade.. Any bad news...?

Nothing bad.
Lets see if I can buy it on Monday at below 50 level.

Hi,
I need a info on OI...
I see the information like,

Nifty 4600 PUT adds 10laks shares in OI
My Understanding: Nifty will touch 4600 (current price 4800 apprx)
Nifty 5000 CALL sheds 2laks, 3laks in OI
My Understanding: Nifty touch to 5000 become reduced sine 4600 has been increased (current price 4800 apprx)


But if something optimistic coming into picture across global markets then the above figure getting changed i.e)

Nifty 5000 CALL adds 10laks in OI, Nifty 4600 PUT sheds 5laks etc etc and vice versa.

If i plan to sell my holding to see profit booking when Nifty puts adds more in OI, but situation changes to Nifty CALL and its starting moving up...

what is happening here..? where am i missing...?
Where can i get the information on Nifty CALL/PUT OI status on daily basis..?

I just do not want to know anything about F&Onor Put/Call, hence, no comments.

:-) Good, thanks for ur reply...

IDEA adds 30.6 laks shares in OI (F&O) on friday, which is a very good sign for upward movement.

Gopinath you should be clear about one thing.If we consider short term like less than 1&1/2 to 3 years whole stock market moment depends on various news factors and how people pursue such news. because human psychology counts more in short term . No analyst or mutual fund manager is above market. so OI changes according to news. You are not alone missing but all so called analysts will miss. So concentrate more on fundamentals and valuation not on technicals that to on day today basis.

Idea had good accumulation in cash market today i.e. 09/11 and closed above previous closing when all other telecom stocks fell by over 2-4% including Bharti and RCOM.There was only intraday marginal fall in prices of IDEA looking at weak trend in Bharti & RCOM but later it consolidated with good volumes. Even the F&O buildup in Idea was another 10% on the longside today with closing price on plus side. It appears that once the media attack (probably on cue from some vested interests) on telecom stocks dies down, these stocks should only take Sensex and Nifty to greater heights since there is no other sector or stock left to do so. Even TRAI has announced today that it is going to have a favourable review of overall tariff and cost structure including taxes & fees of over 31% on telecom sector. Sunil Mittal has also strongly attacked the newcomers for distorting the tariff structure saying that Bharti has no option but to beat the competition, even though it may throw new entrants off gear.All these developments should hold telecom stocks in good spirits in coming times.
Strongly suggest buy and hold IDEA in 49-50 range for an upside of atleast 15-20% from current levels, considering the extra hit taken by IDEA as compared to other telecom stocks in recent price war.