NTPC may touch Rs 123-124: SP Tulsian

SP Tulsian of sptulsian.com told CNBC-TV18, "I am expecting Rs 123-124 in NTPC because yesterday we have seen good buying. The stock has seen or is having massive shorts built-up because of Central Electricity Regulatory Commission (CERC) order that seems to be negative from FY15 onwards but we cannot take a secular or linear negative view on the stock.

"Yesterday 70 percent of the volume, maybe about 55-56 lakh shares have seen into delivery then maybe some short covering also – about 50 lakh shares got covered as a short covering in the Futures segment also. So, look for a level of Rs 123-124," he added.