Telecom Stocks Outlook for the week – 05 to 09.Oct.2015 (Technical bounce back seen next week)

Telecom Stocks Outlook for the week – 05 to 09.Oct.2015

(Technical bounce back seen next week)

  ( www.rupeedesk.in )

Stocks of major telecom companies are expected to move in positive territory next week after having had a mixed luck last couple of weeks, technical analysts said. Next week's outlook for Bharti Airtel Ltd, the country's largest telecom operator, is positive along with that of its rivals, Reliance Communications Ltd and Idea Cellular Ltd.

Shares of Aditya Birla group company Idea Cellular are also expected to trade in the green zone and may face resistance at 162 rupees with support coming in at 137 rupees. The overall outlook for the sector was positive as the government had cleared some key policy decisions in the recent past. These include guidelines on spectrum sharing and trading.