Avoid NTPC, Hexaware: Sukhani

Sudarshan Sukhani, s2analytics.com is of the view that one should not make fresh investment in NTPC, Hexaware Tech.
 
Sukhani told CNBC-TV18, “I would not advice you to buy NTPC any further. If there is follow up offer please do not subscribe to it. NTPC charts are not bullish at all; it is likely to remain in this price range for many months.”
 
He further added, “Hexaware Technologies is in a deep downtrend. It is in quite a lot of trouble in terms of share price movement so you don’t want to buy it now. Don’t do the accumulation part at all. Hexaware does suggest that a drift towards Rs 70-75 is quite possible. It is a call that one needs to make whether one wants to try and get out before another decline or just wants to take the risk of one more decline, but please do not add.”