Hold BHEL with trading stop losses, says Shardul Kulkarni, Sr Technical Analyst, Angel Broking.
Kulkarni told CNBC-TV18, "Well it is quite difficult to predict wherein the liquidity tap will stop because if you see the banking stocks they have done a phenomenal run and they just continue to move higher. Today even SBI inspite of the market moving lower the stock is still up to 2.5%. The banking stocks have contributed in a big way and from a traders perspective you can book a little bit of profits in case of those stocks."
He further added, "Incase of the infrastructure and capital goods space, BHEL as well as Larsen and Toubro have moved higher. If you take the case of BHEL, the company gave a disappointing result; the street was disappointed but then again the stock has recovered from those lows and has still moved higher. So what I would say is, hold on with trading stop losses because you can't be too sure of when the liquidity will stop."
