Buy Reliance Power, advises Sudarshan Sukhani

Sudarshan Sukhani of s2analytics.com told CNBC-TV18, "After that initial upmove power stocks have been moving in a range and are now willing to breakout on the upside. If someone wants to anticipate then Reliance Power is ideal for a buy."

At 14:16 hrs Reliance Power was quoting at Rs 72.10, up Rs 0.10, or 0.14 percent. It has touched an intraday high of Rs 72.85 and an intraday low of Rs 71.60. The share touched its 52-week high Rs 106.70 and 52-week low Rs 58.55 on 15 October, 2012 and 28 March, 2013, respectively. Currently, it is trading 32.43 percent below its 52-week high and 23.14 percent above its 52-week low. Market capitalisation stands at Rs 20,224.96 crore. Disclosure: I do not have any positions, but the stock talk that we do comes with risk and viewers must understand that.