DERIVATIVE PICK

BHEL ( CASH – Rs.1964) : The stocks has formed a Bullish Engulfing pattern in the daily charts and as the name suggests has strong bullish implications. Buying is advised above Rs.1966 for a target of Rs.1994 and Rs.2010. Higher targets of Rs.2025 and Rs.2042 is also possible. Stop Loss of Rs.1929 should be kept.