All power stocks are looking weak: Rajat Bose

Rajat Bose, rajatkbose.com (Technical Check), in a chat with ET Now, gives his views on power and infra space.

ET Now: What is the call on power and infra space?

Rajat Bose: We are now at a level where the fledgling bull market is under severe threat. If we really fall below 5150 to about 5050 major support area that is the last major support, then not just power stocks, all of the stocks would actually suffer very badly.

So to talk about power stocks in particular, you will find that these stocks would continue to show weakness even going forward. So a case in point would be Adani Power or say even GVK Power.

GVK Power may once again seek lower levels of 15.

Adani can come down to 63 to about 61 or even Tata Power for that matter may show considerable weakness.

Only one stock that I found showing some strength maybe because of the recent price hike there, that is CESC. Other than that, all power stocks are looking weak.