Enter NTPC on declines: Sukhani

One can enter NTPC on declines, says Sudarshan Sukhani of s2analytics.com.

Sukhani told CNBC-TV18, "NTPC is now bottoming out. It had so much overhead resistance that after yesterday’s big move there is no buying opportunity, one has to wait for the stock to correct and then only enter it."
He further added, "NTPC is not something that is going to fly away. Therefore, with limited upside take a pause, buy on a significant correction. There is still something that one can get."
The share touched its 52-week high Rs 175.35 and 52-week low Rs 136.10 on 12 September, 2012 and 21 March, 2013, respectively. Currently, it is trading 11.66 percent below its 52-week high and 13.81 percent above its 52-week low. Market capitalisation stands at Rs 127,722.24 crore.