Mar 04, 2013, 06.56 PM | Source: CNBC-TV18
Sudarshan Sukhani, s2analytics.com advises traders to sell NHPC on rally.
Sudarshan Sukhani (more)
Technical Analyst, s2analytics.com | Capital Expertise: Equity - Technical
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.
According to Prakash Gaba of prakashgaba.com, Nift
"....the Government of India has offered 62,881,39
NHPC Executive Director AB Agrawal while participa
NHPC Ltd has informed BSE that Shri Farooq Khan a