Sukhani's view on NTPC

Sudarshan Sukhani of s2analytics.com shares his view on NTPC.

Sukhani told CNBC-TV18, "NTPC was in my buy list even last week and that continues. It had a very terrible period; it went through a bear market of its own even while the markets were just in a 500 point range, which seems to be over. So if this is over and the message coming is not just for NTPC but for a lot of other power related stocks, REC, PFC and even let us says Tata Power, there is something going on in the power sector."
He further added, "NTPC is well poised to take advantage of it as the sector leader, as an independent chart also. So Friday’s gains were coming because of a strong breakout from a resistance level, they should be build upon."