Intraday Idea:
Risky level: high
NTPC:
Buy
Resistance level: 159.20/160(If 159.40 level is crossed then use 159.20 as stoploss)
Support level : 158.50/158 (use the second support level as stoploss)
If the uptrend continues the resistance levels are 161.30/162.30.(Keep the Stoploss level between 160 and 161)
(If the trend reverses and it breaches 158, then SELL at 157.80 with a target of 157.20/156.80.)
Risky level: high
NTPC:
Buy
Resistance level: 159.20/160(If 159.40 level is crossed then use 159.20 as stoploss)
Support level : 158.50/158 (use the second support level as stoploss)
If the uptrend continues the resistance levels are 161.30/162.30.(Keep the Stoploss level between 160 and 161)
(If the trend reverses and it breaches 158, then SELL at 157.80 with a target of 157.20/156.80.)
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