Siddharth Bhamre of Angel Broking told CNBC-TV18, "Reliance Power has been correcting from higher levels and we have seen huge formation of short positions. Yesterday’s session was quite encouraging both from a derivatives and technical perspective. We are seeing some short covering and stock has a very strong support around 68-70 levels."
"We are suggesting to go aggressively long in Reliance Power at current levels. We have first target of around Rs 81 in mind though we are expecting that the stock can again bounce back to probably three digit figures but as of now Rs 81 is the target and stoploss of Rs 68," he said.
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