Adani Power a good buy at current levels: Jitendra Mehta

ET Now spoke to Jitendra Mehta, Technical Analyst, Edelweiss, for a technical check Adani Power.

Your view on the recently listed power stocks, Adani Power, NHPC, F&O inclusions today, the stocks have shown a bit of a perk up, do you like any of these on the charts?

Technically, we like Adani Power, at least it is consistently forming higher peaks. We are seeing the stock forming a base at higher levels and gradually inching up and today's move was not a surprise. It was generally a case in a bull market when the stock is included in the F&O segment, just sentimental change but otherwise also, around 127-128 is a good buy and possibly we might see it heading gradually over 140-142 levels.

NHPC till 33-34 would be a big resistance to clear through. I would not be actually dipping into NHPC right at these levels.