Buy NTPC above Rs 135, says Rajat Bose

Rajat Bose of rajatbose.com told CNBC-TV18, "NTPC has shown accumulation and after that full notification it looks good. I would say that above Rs 135 it clearly is a buy because it is above its 200-day exponential moving average. Targets are Rs 138 and 139.50 and stop loss is below Rs 133.50.""Cairn India has come down today and breaking Rs 129 is a signal that this time that Rs 123 or Rs 121 kind of target that some large players had, those levels could well be reached. So, I would say that put a stop loss above Rs 132 and say may be Rs 125-123 should be your target. Take it as a positional trade, those levels of Rs 123 may not be reached today but Cairn India is on the way down again," he said.At 13:27 hrs NTPC was quoting at Rs 134.95, up Rs 1.25, or 0.93 percent. It has touched an intraday high of Rs 136.50 and an intraday low of Rs 134.10.