Buy NTPC, says Sukhani

Buy NTPC, says Sudarshan Sukhani of s2analytics.com.

Sukhani told CNBC-TV18, "Earlier Aban Offshore was Rs 3,000-5,000, no splits, no bonus and still it doesn’t show signs of exhausting the downtrend. It’s a pity. But here is a short sell that can be taken even if the broad markets are cheerful today. I wonder sometimes how low can Aban Offshore go but it keeps on going low."
He further added, "NTPC was in my buy list earlier. I think it is bottoming out and for somebody who wants to make an investment in the equity market NTPC is an ideal choice. This is not an investing idea that we are discussing but aside of that it’s a good idea to buy NTPC and hold it for a year or two years. The short-term chart pattern suggests that NTPC’s breakout has taken place on the upside and one should see more room for its upmove. It’s a good buying opportunity and probably very low risk." Disclosure: I have no personal holdings in the above stocks.