Time to enter Power Grid Corp at 92-93: Ashuu Kakkarr

Rushuu Kakkarr, Technical Analyst, Market Strategist, www.ashuukakkarr.com

Rub-off effect from Coal India, the Power Grid stock right now, what’s the sense on that one? Do you think an entry point would be prudent ahead of the FPO?

Ashuu Kakkarr: Closer to the support levels at the risk reward, we would be more favourable. It could probably slide down a bit more to 92-93 levels wherever one can think of getting a fresh entry. At this point of time for the last 2-3 sessions, some kind of profit booking is happening but closer to 92 or 93, one could think of entering fresh.