Buy BHEL at around Rs 160-165: Hemant Thukral

Hemant Thukral, national head-derivative desk at Aditya Birla Money told CNBC-TV18, "I do expect that stocks like Bharat Heavy Electricals (BHEL) to face resistance around Rs 176-180. Similarly, with Larsen and Toubro (L&T) also. But the point here is that I would start preferring the midcap stocks, the moment they start to come down. Something like Voltas - if I do get an opportunity around Rs 112-114 levels, I think it is a very good bet to go long on."

"I am not ruling out a profit taking but I don’t see any major weakness coming in capital good sector at all. On dips, it is a right opportunity to buy into. If one gets BHEL around Rs 160-165, I think it is a very good stock to enter into because now it has given a breakout on its range, so I don’t see a major correction coming in any of the capital good stocks," he adds.