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The stock moved sideways following the sharp fall recorded on Monday. The short- as well as medium-term trend is down in Bharti Airtel. The medium term targets for this stock are Rs 870 and then Rs 750.

The long-term outlook stays positive. We continue with the view that long-term investors can stay invested as long as the stock remains above Rs 750.

The stock could slide lower towards Rs 872 or Rs 830 next week.

Short-term traders can initiate fresh short positions in rallies with a stop at Rs 970. The near-term outlook for the stock will turn positive only if it moves above Rs 1,000.

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