NSE NTPC stay strong in any market weakness, TP 190 with calls

• As nifty is expected to go below 17300 on March 13 Market opening - NTPC could be a winner
  
• Close to life highs, very strong buying / switching from high beta stocks
  
• IV is very low (14%) and the call sellers could panic when the stock goes above 183 (life high) - this has been tested once already
  
• Keep stop at 172 - which is the logical resistance and expect to see 190 within the month. Buying calls (very cheap) is the right way to trade this
  

Trade ist aktiv:

Massive selling in market today but NTPC held relatively well. Only worry is if Nifty goes below 16800 in next few days - then NTPC will also go
However if there is a sharp bounce in Nifty - could get a quick exit in NTPC above 185 levels. Continue to hold with hope

Kommentar:

Hopefully bounces with Nifty to the 182 plus levels today. However given that Nifty is still weak - it maybe a temporary reprive

Kommentar:

175 at close with most of the selling in the last 30 minutes. This was a reversal from cap goods to banks and i dont expect this to last this week. That being said, keep stop at 172.

Kommentar:

On weekly basis it still looks very good (right chart). But there maybe pain in the short term given whats happening with Nifty