Avoid Bharti Airtel, says Sudarshan Sukhani

Sudarshan Sukhani of s2analytics.com told CNBC-TV18, " Bharti Airtel 's charts are disappointing. It is on the verge of confirming a bearish pattern just as the Nifty might do. At this point we do not want to go short in Bharti. It is not a buying opportunity, just avoid it."

At 14:01 hrs Bharti Airtel was quoting at Rs 333.75, down Rs 2.60, or 0.77 percent. It has touched an intraday high of Rs 341.40 and an intraday low of Rs 330.55.

The share touched its 52-week high Rs 373.50 and 52-week low Rs 279.35 on 01 November, 2013 and 05 April, 2013, respectively. Currently, it is trading 10.64 percent below its 52-week high and 19.47 percent above its 52-week low. Market capitalisation stands at Rs 133,413.23 crore.

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