Feb 22, 2013, 12.17 PM | Source: CNBC-TV18
According to Amit Trivedi, director of Fin Stream Financial Advisors, BHEL is reasonably a safe trade at Rs 205 level.
Amit Trivedi (more)
Director, FinStream Financial Advisors | Capital Expertise: Equity - Technical
Trivedi told CNBC-TV18, “ Bharat Heavy Electricals (BHEL) has been consolidating after falling from around Rs 230 to around Rs 203-204 levels. And the stock should consolidate at this level. We don’t expect huge moves during Budget or any specific announcement for this sector in the Budget. For BHEL, we have a trade ratio of buy 200 strike Call Option trading at around Rs 7-7.5 and sell two 210 Calls trading at around Rs 3.”
“So there is an initial investment of Rs 1.5-2 in this trade and one can make profit, if BHEL remains any value greater than Rs 202 up to Rs 218. At Rs 205 levels it is reasonably a safe trade,” Trivedi added.
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