NTPC has resistance at around Rs 150: Agarwal

Sanjeev Agarwal, CEO, Dynamix Research & Capital Management is of the view that NTPC has resistance at around Rs 150.

Agarwal told CNBC-TV18, "In NTPC I have seen there is a significant resistance around Rs 145 and then around Rs 150. Rs 150 is the price where the investor should focus on to exit and that was just above the offer for sale (OFS) target also. I just feel looking for a higher upside will be futile at this point of time and it is better to exit around par or at a little loss. I feel the investor can get a much better price to buy at a later part of the year where I feel NTPC might come as low as Rs 120 also."