Tata Power has resistance at Rs 111-112: Salil Sharma

Tata Power Company has resistance at Rs 111-112, says Salil Sharma, Technical Analyst, Kapur Sharma & Co.

Sharma told CNBC-TV18, "Tata Power Company resistance comes at Rs 106-107 but if they are cleared then at Rs 111-112. So, though there is a sharp upmove coming in the share today, it’s a very sluggish air and doesn’t give very sharp moves normally."
He further added, "Larsen and Toubro chart is much better and one can expect another 2-3 percent move coming in the next day or two."