Wait for a breakout on Power Grid: Fayeza Hafizee, Institutional SalesIntime Spectrum Securities Ltd

Fayeza Hafizee, Vice President, Institutional SalesIntime Spectrum Securities Ltd, in a chat with ET Now talks about Power Grid.

What would you do with the Power Grid?

Power Grid has built a very strong base, does not look like it has too much of a downside. But it is still taking a long time in this area and while I like the counter and there is a long term positive here, you would want to wait and buy only once it actually effects a breakout.

At these kind of markets where momentum is king, there is no point in getting into something which is just not showing you any signs of a breakout or any signs of a momentum. So I would just wait it out that much.