Go long in NTPC, advises Gaurav Bissa

Gaurav Bissa of LKP Securities told CNBC-TV18, "I feel NTPC is a better trade. I would not be too comfortable with Power Grid, the reason being, a low beta it has already moved 3-4 percent already and has good resistance at Rs 141 kind of levels. So, if somebody has to take a trade then Rs 135 can be utilised as stop loss and play for Rs 141.""However the better trade would be to go long on NTPC. It has given a good breakout. Last time it gave a similar breakout and it went till Rs 148-150 kind of levels. Similar kind of move is expected. One can have a stop loss at Rs 140 and play for targets of Rs 150-155. That is the congestion area of Rs 150-155 but even if it is touching Rs 150 I think it can be a very good trade," he said.