The long and medium-term outlook for NTPC (\u20b997.85) will be negative, as long as the stock rules below \u20b9145. After the recent bounce back from \u20b973, the short-term outlook had turned positive for NTPC. While the immediate resistance appears at \u20b9104, NTPC finds a major resistance at \u20b9118. On the other hand, it finds an immediate support \u20b992.90, a conclusive close below \u20b986.5 will trigger a fresh fall on the stock. We expect the stock to move in a narrow range with a positive bias. <\/p>\n
F&O pointers: The NTPC June futures at \u20b996.8 still rule in a discount with respect to the spot close of of \u20b997.85. This signals, existence of strong short positions in the counter.<\/p>\n","protected":false},"excerpt":{"rendered":"
The long and medium-term outlook for NTPC (\u20b997.85) will be negative, as long as the stock rules below \u20b9145. After the recent bounce back from \u20b973, the short-term outlook had turned positive for NTPC. While the immediate resistance appears at \u20b9104, NTPC finds a major resistance at \u20b9118. On the other hand, it finds an immediate support \u20b992.90, a conclusive close below \u20b986.5 will trigger a fresh fall on the stock. We expect the stock to move in a narrow range with a positive bias. F&O pointers: The NTPC June futures at \u20b996.8 still rule in a discount with respect […]<\/p>\n","protected":false},"author":40,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[130],"tags":[],"class_list":["post-354658","post","type-post","status-publish","format-standard","hentry","category-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/354658","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/40"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=354658"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/354658\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=354658"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=354658"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=354658"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}