BHEL has been a outperform in last 3 months with almost 50% return to investor but now its time for some profit booking. Stock has manage to close below 20 day Average after 3 months and even the indicators have given bearish crossover to confirm some profit booking ahead. Crucial support of 165 has also been breached with heavy volumes on Thursday. So now one can short BHEL from current levels for almost 8% gain in quick time

Strategy for Traders : Sell BHEL tgt 150 sl 168 and to Hedge buy Nifty tgt 9280 sl 9050

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