See more upside in power stocks, says Aditya Agarwal, Sr Derivative Analyst, Way2Wealth.
Agarwal told CNBC-TV18, "I don't think so we will see any major unwinding in power sector. After a long time we are seeing this kind of rally in all the power stocks. We have seen quite a bit of long positions getting build up in the all power sector in the last couple of trading sessions. So I think it is a time where one can again rollover these long positions for the month of March, we can see some more rallies from these levels."
He further added, "If we see individual stocks like Reliance Power , Adani Power , and Lanco Infra , all these stocks have given a good breakout after a long time. So we are expecting the rally may continue and these stocks may see another 10-15% rally in next couple of days. So if players are having long positions they can roll it for the next month and they can ride on the rally for the next couple of days."
