Sensex fell for consecutive fourth day to end below 16,000. The market closed lower by more than 1% to end at 15896 on Oct 30. This is led by telecom and oil sector companies.
Bharti Airel announced its Q2 results on Oct 30 in a positive note. But did not match the market expectation. The stock down by more than 6% to end at Rs.292. Airtel's lowest in a year was Rs.290. This shows that the stock is moving towards to break its lowest support next week.
Long term investors who can hold their investments for 1-2 years, can now consider investing in Bharti Airtel.
Sensex is expected to be in the range of 16000-17000 in coming weeks.
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