Hold NTPC, says Mohoni
April 8th, 2009
Technical Analyst, Deepak Mohoni is of the view that one can hold NTPC.
Mohoni told CNBC-TV18, “NTPC is a hold. This stock has not done anything spectacular in the market rally, which lasted since the start of the last month but on the other hand this doesn’t fall much also as the market goes down, so I would say it’s a fairly defensive stock. A good level for the upside to look for is about Rs 200 and if it gets above that that will be an indication that the longer term trend of this stock has also turned up.”