Buy 150 strike Calls of BHEL: Amit Trivedi

Amit Trivedi of Investworks.in told CNBC-TV18, "Bharat Heavy Electricals (BHEL) is moving broadly in a range of Rs 128-150-155 on the higher side. We think there is no substantial positive news on the stock but given that it has fallen from Rs 200 levels to Rs 100 level, it has bounced back and should consolidate or marginally go up from hereon."

"Buy 150 strike Calls of BHEL and sell 160 and 170 strike Calls. Currently there is an investment of around 90 paise in this trade, so we would advice traders to hold on. Whenever they spread narrows around Rs 0.45 to Rs 0.5 they can enter into this trade. This spread should open up to around Rs 1.5 to Rs 1.6 in the next coming days," he added.