Buy BGR Energy at current market price: Kunal Saraogi, Technical Analyst

In a chat with ET Now, Kunal Saraogi, Technical Analyst,www.equityrush.com talks about energy sector and GVK Power & BGR Energy in particular.

You are bullish on South Indian Bank. How do you see GVK Power and BGR Energy?

Energy is now looking good and BGR energy in particular has corrected. This stock can be picked up at the current market price. We have a stop loss at 788 and we are looking at a target of 850 on that counter. South Indian Bank of course has had a dream run and that run might actually continue for some more time. The stock has consolidated just at little bit over the last week. The stock can be picked up at the current price and stop loss is 24 and we are looking at the first target of about 27. The third stock that we like is GVK Power, this stock again can be picked up the current market price with the stop loss at 47 and first target of 51.