Mar 04, 2013, 06.56 PM IST | Source: CNBC-TV18

Sell NHPC on rally, says Sukhani

Sudarshan Sukhani, advises traders to sell NHPC on rally.

Sudarshan Sukhani, advises traders to sell NHPC on rally.

Sukhani told CNBC-TV18, “National Hydroelectric Power Corporation (NHPC) is a shorting opportunity. NHPC in the last two days gave away the gains of almost three months of rallies and it was moving up relentlessly. So a stock that suddenly turns around has a story that we do not understand and we cannot go and buy it. So it is a short sell. After such deep declines even tactically short selling is not easy. On Small rallies it would be a sell, not a buy.”

On March 04, NHPC closed at Rs 19.60, down Rs 4.55, or 18.84%. It has touched an intraday high of Rs 21.80 and an intraday low of Rs 17.90.

Set email alert for


video of the day

See earnings growth spike, big reforms in 2015: Envision

Explore Moneycontrol

Copyright © Ltd. All rights reserved. Reproduction of news articles, photos, videos or any other content in whole or in part in any form or medium without express written permission of is prohibited.