Stock update: Intraday 17/03/2015

BHEL:

Bharat Heavy Electricals Limited has informed the Exchange regarding a press release dated March 16, 2015 titled With the commissioning of the fifth 270 MW unit at the Amravati project of RattanIndia Power Limited, Bharat Heavy Electricals Limited (BHEL) has achieved a unique feat in the country's capacity addition programmer by successfully commissioning three units of 270 MW each in just 42 days at a single site. BHEL yesterday close was 259.10 and Net change Percentage was 1.75.

BSE code for BHEL is 500103 and NSE code for this stock is BHEL.

Intraday Target:(17/03/2015)

Buy:

If Bhel will open above 258.37 then it will indicate the strong upper trend.so once Bhel cross that level you can buy Bhel future 1 lot (1000 shares) for intraday trading. My first target would be in 263.76 and when it crosses 265.11 please exit from the future. For small investor buy Bhel 260 call when it crosses 258.37 level and exit the call option when it will reach 265 and maintain the stop loss of 254.3.

Sell:

You can short this stock when it will reach 253.04. Short the bhel one lot future at this level. My first target for sell this stock is 247.77. And when it reaches 245 levels please exit from the trade. For small investor please buy 250 put when it crosses the 253.04 levels and exit the trade once it reaches 245 levels.