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Look at Tata Power: Siddharth Bhamre

Siddharth Bhamre of Angel Broking is of the view that one may look at Tata Power.

January 23, 2015 / 17:21 IST
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Siddharth Bhamre of Angel Broking told CNBC-TV18, "Tata Power was taking good support around Rs 80-82 odd level and we hadn’t seen much of activity on open interest fronts all these days. Some of the laggard stocks which haven’t participated in rally, even those stocks have started going up today and Tata Power is one among them."

"The level of Rs 93-94 is good resistance from where the stock has reversed. We have suggested at lower levels to buy this stock but we are not expecting that this run up, it can manage to breach it’s resistance of Rs 94 and go up. So, probably one more day of excitement would remain in such kind of stocks till the time we don’t see consolidation in large caps," he said.

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first published: Jan 23, 2015 05:15 pm

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