Short BHEL, says Sudarshan Sukhani

Short BHEL, says Sudarshan Sukhani of s2analytics.com.

Sukhani told CNBC-TV18, "BHEL has done its bit. From Rs 192 to 270 roughly it has been a straight line advance, it is going to correct and that correction will also see lower levels, not just a sideways consolidation. So for a short-term trader, BHEL is a short sell. I would not buy it on dips."

He further added, "Shree Renuka has come back to Rs 34-34.50 very strong support zone. So if this is an uptrend and Renuka does give the impression that it is in an uptrend then this sharp two days correction is a buying opportunity. Keep a stop loss because assuming it does not work out, there is no sense in finding it out much later. But it could work out and give a very good risk reward."