May 19, 2017
BHEL (Till June Expiry)
167 - 167.30
BHEL added huge amount of short positions in May series. The stock is currently hovering
around its strong support of 162 - 163. Since, the stock is ‘Short Heavy’ at current juncture; we
are expecting a short covering move in the counter. Thus, traders are suggested to go long
between 167 - 167.30 levels for the target and stop loss mentioned above.
Jay Kumar Purohit
022-3935 7600 Extn: 6844
269 - 270
64 - 64.20
Profit Booked on 16-05-17
Research Team Tel: 022 - 3935 7600
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