Short build up seen in BHEL, L&T: Bhamre

Short build up seen is in BHEL and L&T, says Siddharth Bhamre, Angel Broking.

Bhamre told CNBC-TV18, "We are seeing good built up in banking space. Recently the bounce back in Bank Nifty, ICICI Bank and SBI was predominantly because of short covering." He further added, "There are some capital goods majors like BHEL and L&T where we are seeing short formation. There are lots of other spaces; we are seeing some shorts getting piled up in Reliance also before the results. So, overall we are seeing across the board in some of the large caps short positions piling up apart from the index." Disclaimer: The views and investment tips expressed by investment experts/broking houses/rating agencies on moneycontrol.com are their own, and not that of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions.