Book profits in Power Grid, says Sanjeev Agarwal

Sanjeev Agarwal, CEO at Dynamix Research & Capital Management told CNBC-TV18, "Power Grid has given a very good breakout above Rs 120-125 level which has been a huge resistance and now it is heading towards Rs 160-165 which has been a next zone of resistances. It is better that around Rs 160-165 one should book profit and who wants to hold a position keep a stoploss below Rs 125 and hold for the higher levels."

"On a higher level ones it crosses Rs 165 we can see even Rs 200. However right now Rs 160-165 is a right level to book profits," he added