Sell BHEL on every rise, says Kunal Saraogi

Kunal Saraogi of Equityrush told CNBC-TV18, "Although we had a very sharp rebound in Hindalco Industries, it has still some way to go before you can really say that the stock has turned around. One should wait for it to close above Rs 160 before initiating long positions."

"I am not very bullish on Bharat Heavy Electricals Limited (BHEL) and every rise is an opportunity to sell. The overall trajectory remains bearish. So on both stocks one should wait and watch," he added.