Buy BHEL 180 Put: Chandan Taparia

Chandan Taparia of Anand Rathi Securities told CNBC-TV18, "We have a negative view on Bharat Heavy Electricals (BHEL). This stock has been falling down but has taken a pause as market is recovering, but looking at the broader picture and the call writing at higher levels, we are recommending for the Put as weakness may continue towards Rs 175-174 zone. So, the trade is buy 180 Put around Rs 4, keep the stoploss of Rs 2 and this Put can move towards Rs 8-8.5."At 11:18 hrs Bharat Heavy Electricals was quoting at Rs 179.50, up Rs 0.65, or 0.36 percent.