NTPC has support at Rs 172-168: Bhamre

NTPC has support at Rs 172-168, says Siddharth Bhamre of Angel Broking.

Bhamre told CNBC-TV18, "NTPC is one stock which we like, there are results today, Rs 172-168 is a good support. So we are suggesting buy at current levels with a stoploss of around Rs 165 and we are expecting target of Rs 184 to Rs 185 there."
He further added, "We like Piramal Healthcare. Bharti Airtel would continue to trade with positive bias for some time, so there one can do covered call writing selling around 380 call option and going long in futures. So we are sticking to largecaps. If my view is negative, I am not going to go long in midcap even if statistics are compelling me to go long."