Sudarshan Sukhani of s2analytics.com is of the view that Tata Power is looking good.
Sukhani told CNBC-TV18, "It's been in a very poor shape even earlier both Adani Power and its parent Adani Enterprises . The charts were never upbeat on it. It never did participate or never did indicate a rally. I don't think we should actually go and short anything because in a rising market shorting is a silly idea. But don't buy it. That itself prevents a lot of catastrophes."
He further added, "Tata Power is much better stock and that probably reflects the pedigree of these two different stocks. Tata Power is the best in the power sector now far better than Rel Power or even Reliance Infra. If we want to trade the power sector, although I prefer the IT and financial services but if somebody does want to trade the power sector Tata Power is the most suitable and appropriate instrument."
