Below Rs 88, Tata Power may test Rs 82: Kunal Saraogi

Kunal Saraogi of Equityrush told CNBC-TV18, "Tata Power is technically looking weak, but the important thing is if the stock manages to close above Rs 88, it will redeem itself, Rs 88 is a major level to watch out. If it closes below Rs 88 then definitely there is a fear that the stock might actually get to Rs 82. So that is the level one should wait and watch towards the end of the day today."

At 14:15 hrs Tata Power Company was quoting at Rs 86.80, down Rs 3.40, or 3.77 percent. It has touched an intraday high of Rs 91.30 and an intraday low of Rs 86.25.