Recommendations - Buy NTPC

NTPC: After rebounding from the bottom of 140 levels, it tested 200 EMA on the weekly chart i.e. 175 levels and un-derwent into consolidation with 164-175 range. It recently tested the lower level of the range with recovered strongly thereafter. It may now retest the upper zone of the consoli-dation range so one may initiate trade as per levels given in the table. (Trading period: 3-5 trading sessions

SYMBOL                    -   NTPC
Buy/Sell                        -   Buy
CMP                            -  168.65
Initiation range              -   167.50-168.50
Stop Loss                     -  165.50
Target                          -   175

Posted in: BUY CALL,STOCKTIPZ