Stock Picks with Anil Singhvi: Market Guru recommends buy-on-dips strategy for Vodafone Idea

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Zee Business Managing Editor Anil Singhvi on Friday recommended a buy on Vodafone Idea future. He said the strategy to be applied on Vodafone Idea stock is buy-on-dips.  

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Talking about Vodafone Idea results, which is due on Saturday (February 13), he said that he is not very bullish over it. However, what plan the company proposes going forward would be interesting to see. Talking of company’s plans, he said what plan Vodafone Idea proposes with regard to fund raising will be crucial.  

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For Vodafone Idea stock, Rs 13.25 and Rs 13.50 and Rs 14 are three small targets for the day. Positionally long target for Vodafone Idea is Rs 16.50, Market Guru said.  

He said market expert Bansal has already given target of Rs 18 for Vodafone Idea.  

“There is very strong technical pattern as long as Vodafone Idea is concerned. The stock is ready to rally after consolidation. This is a very good opportunity to buy this stock as it opened little below than its previous low. It should be purchased with buy and hold strategy. The stock will ultimately show Rs 18.70 level, hence it should be bought and kept in your portfolio, ” said market expert Rakesh Bansal.