BHEL may retest levels of 1900: Ashwani Gujral

In a chat with ET Now, Ashwani Gujral, Chief Market Strategist, ashwanigujral.com, talks about BHEL.

ET Now: What is the call on BHEL?

Ashwani Gujral: BHEL looks fairly negative and chances are it will retest levels of 1900. It actually turned weak once it came back below 2050. So from hereon all rallies, not only BHEL but all infrastructure capital goods are getting weaker. So they are likely to outperform on the downside. So on any rallies, BHEL could be shorted.