After hitting a low of 101.3 on 28th June, BEL is now trading sideways so far. Today volume was low despite block deals as well as bulk deals. Strangely, OI in call options increased mainly OTM options. OI increase in put options was not significant. What does this mean? Retail investors expect the stock to go up from here? Is it because July end could be Q1 result date? However, on NSE, today volumes were low despite large deals. (43.52 lakhs). My earlier guess that it could be a red day turned out to be true. Barring intermittent buying by some large player, there seems to be no interest in the stock. The stock may breach its previous 52 week low and test Rs. 100 price point. Futures OI has increased. I may be right or wrong. But, I am currently shorting this stock.