Shardul Kulkarni of Angel Broking told CNBC-TV18, "NHPC is at an important resistance. It tested a resistance of Rs 20.20 which is the 89-day moving average and from there it has corrected."
"We expect this correction to continue over the next couple of trading sessions. The stock may test Rs 17.80 or Rs 17.60 over the next few days. I would not recommend buying in case of NHPC," he added.
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