Adani Power can test Rs 91, says Sudarshan Sukhani, s2analytics.com.
Sukhani told CNBC-TV18, "Adani Power's first step should be towards the Rs 91 mark. It seems reasonable that sooner or later it will touch Rs 91. So till Rs 91 I suggest the investor should wait anyway."
He further added, "There is more stem left only for position traders. For example the investor who says he can wait for five or six months, on a very short term they are all over bought now. We can see sharp corrections or side based movements anytime. So for somebody who is looking to enter this sector now on the back of these gains, he should wait patiently for a few days when consolidation or congestion would give him a better entry point."
