Expect NTPC to touch Rs 165-170: Ambareesh Baliga

Ambareesh Baliga of Edelweiss Financial Services told CNBC-TV18, "Since we are quite bullish on the market the only space where I will be a bit cautious is the realty space, other than that on most of the other sectors we are decently positive. NTPC has been beaten down recently and there can be a decent upmove over the next few months."

"The connecting of the grids is extremely positive for NTPC and at the current levels of Rs 132 there is hardly any downside whereas the upside can be about Rs 165-170 over the next couple of months," he adds.