Manoj Murlidharan Vayalar of IIFL told CNBC-TV18, "Tata Power is at Rs 81.50 and we feel the volume-weighted average price (VWAP) buying can take it to Rs 85.30. Simply go long on futures. Keep a stop loss at Rs 80 or one can buy a Rs 82.50 call option as cheap as Rs 0.20."
"The second call is Bharat Heavy Electricals (BHEL) which is at Rs 164.20. We should hold long positions and Rs 167.30 is what we are expecting in that. Third would be Sintex which is at Rs 37.60 with a stop loss of Rs 35.80. We are expecting Rs 39.80 on that," he added.
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