Monday 10 November 2008

Buy NTPC with stoploss of Rs 130-135: Gujral

Technical Analyst, Ashwani Gujral is of the view that one can buy NTPC with stoploss of Rs 130-135.

Gujral told CNBC-TV18, "Reliance Infrastructure is showing a lot of bounce here, support is now around Rs 375. It’s forming sort of a bottoming out pattern where resistance could come in at Rs 500 probably then Rs 627."

He further added, "NTPC also has been very strong so anybody who wants to be in power can buy that with a stoploss around Rs 130-135 and its probably got room to about Rs 180-185 on the upside."

"There is a sharp bounce back in BHEL from lower levels and then some consolidation around Rs 1,400. So there you could move higher to about Rs 1,650. "

Disclosure: It is safe to assume that analyst and his clients may have an investment interest in the above stock/sector.

Source: Moneycontrol

Posted by Harsh at 07:42

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