Friday, September 13, 2013

BHEL Analysis

BHEL may correct upto 125-120 in the coming sessions. PUT Option traders are seen unwinding their short positions with highest open interest reduction at 125 strike, indicating that the stock may correct upto 125 - 120 levels. Look for opportunity to short this stock at 135-138. Keeping stoploss of 141.10 for a target of 121.50