Buy NTPC at lower levels: Sukhani

Buy NTPC at lower levels, says Sudarshan Sukhani of s2analytics.com.

Sukhani told CNBC-TV18, "NTPC is making a double bottom; it has not confirm yet. So if one buys today then is buying at the lows of a bear market, these are risky trades."
He further added, "NTPC is not something that is going to go off the radar in a few days, it is a government company, it is probably one of the best. So, the sense that the double bottom is under development and if stock is finding support at Rs 152-153 level, it has bounced back from there suggests that one can take a high risk trade because we have closed stops and the share quality, company is good, assume that this double bottom works then we are buying all at the low." Disclosure: I have no holdings in the above stock.