NTPC faces resistance at 210: Ashuu Kakkarr

ET Now spoke to Ashuu Kakkarr, Technical Analyst, Market Strategist, ashuukakkarr.com, on his stock picks.

ET Now: What would you do with NTPC?

Ashuu Kakkarr: Not only today, last couple of months have been absolutely range bound. If the results are good or some positive news flow comes in, the oil sector does well, the crude oil shoots up, probably this could scale up to around 240 to 256 but that is for a long term call.

On the absolutely short term, it would be sideways, probably 175 to about 210 which is a good resistance for this stock. Once it climbs above 210, expect 230 to about 250-256. Otherwise probably 175 to 210 would be the range in the short term.