Thursday, September 28th, 2006

Bharti Airtel has support at Rs 430-435

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Technical Analyst, Prakash Gaba is of the view that Bharti Airtel has support at Rs 430-435.

Gaba told CNBC-TV18, “The way Bharti Airtel has come out of Rs 430, that is the all time high. Whether the investor wants to add more here, it is difficult call. But if one wants then can perhaps maybe psychologically I would think that for Bharti Airtel, Rs 500 would be a strong resistance to deal with. So, if one is a trading call then yes, he/she can certainly buy and go ahead.”

He further added, “Fundamentally, I don’t know but I think around Rs 430-435 it has a strong support zone, if it comes down there the certainly then think to buy again.”