Gopi Suvanam of Investworks told CNBC-TV18, "The upside in Bharat Heavy Electricals (BHEL) is capped. So, we can go a maximum level of Rs 160. So, at the moment I am not putting a direct trade. I want to put in through some kind of options strategy."
"One may buy Rs 150 calls and sell Rs 160 calls in October series. That would sort of give a breakeven till Rs 170 levels and we would take some premium away as well because Rs 160 is slightly trading higher in terms of when it is multiply by 2. So, that would give benefit even if it rallies and even if it sells off," he said.Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!
