According to Shilpa Rout, Derivatives Analyst at Prabhudas Lilladher, Power Grid is a strong buy with a tight stop loss of Rs 220 and targets of Rs 228-233. Ashok Leyland is also a good buy with a stop loss of Rs 136 and targets of Rs 144-148 as consolidation is happening at around Rs 135-136 levels. Nifty and Bank Nifty are facing resistance at 17,250 and 40,200 zones, respectively, and not closing above these points raises the fear of a slide in the markets.
