SENSEX NIFTY
Feb 24, 2012, 01.04 PM IST | Source: CNBC-TV18

Short BHEL, ONGC: Jitender Kumar

Short BHEL and ONGC, says Jitender Kumar, CMT, SBICap Securities.

Short BHEL and ONGC , says Jitender Kumar, CMT, SBICap Securities.

Kumar told CNBC-TV18, “I would short Coal India . Coal India is one of the stock, which I have been shorting for the last two series and this series also. The stock is down 6% for expiry, last expiry and the data shows that there is a good OI addition also. Coal India is my top pick.”

He further added, “Second pick is BHEL and ONGC. Both of the stocks rallied a bit but the further downside trigger would be the FPO hangover. Since this stock has rallied and last 3-4 days I am seeing good profit booking by the longs happening and longs were not aggressive in the last two days of expiry so BHEL and ONGC are the two stocks I would like to short.”

Set email alert for
BHEL ONGC Coal India

ADS BY GOOGLE

video of the day

Risk is a four letter word: Author Jerome Booth

Explore Moneycontrol

Copyright © e-Eighteen.com Ltd. All rights reserved. Reproduction of news articles, photos, videos or any other content in whole or in part in any form or medium without express written permission of moneycontrol.com is prohibited.