Buy BHEL 260 Call, advises Chandan Taparia

Chandan Taparia of Anand Rathi Securities told CNBC-TV18, "We have positive view on Bharat Heavy Electricals (BHEL) after a long time because the stock has seen strong consolidation, taken multiple supports near Rs 220-225 zone and crossed its immediate hurdle of Rs 245 level. We have seen some short covering in last two-three trading sessions. We are expecting short-term bounce back in the counter. Therefore, recommending buying 260 Call, keep a stop loss of Rs 2 and trade for the upside target of Rs 11.""We are bullish on Larsen and Toubro (L&T) although the stock is consolidating, finding some support at higher levels. For me, L&T is a buying opportunity on any decline. It has major support near Rs 1,550 and we are recommending buy the stock on any decline for the upside target of Rs 1,900 in next two-three months," he added.