Buy BHEL 230 Call: Rikesh Parikh

Rikesh Parikh, Vice-President Markets Strategy and Product Development -Equities, Motilal Oswal Financial Services Ltd is of the view that one can buy BHEL 230 Call.

Parikh told CNBC-TV18, “BHEL after making a bottom around Rs 210 level it was in sideways zone from Rs 210-225 for almost the last full expiry. Today it has given a good breakout and it has moved up. So you can go ahead and buy 230 Call Option of BHEL which is trading around Rs 8. Even some amount of open interest build up has happened at 230 Call Option indicating bullish trends.”