BHEL has support at Rs 2150: M Thacker

Published on Wed, Nov 04, 2009 at 10:02 |  Source : CNBC-TV18

Updated at Wed, Nov 04, 2009 at 11:16  

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Mitesh Thacker, Technical Analyst, miteshthacker.com

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Bharat Heavy Electricals (BHEL) has support at Rs 2150, says Mitesh Thacker , Technical Analyst, miteshthacker.com.

Thacker told CNBC-TV18, "BHEL been an index heavyweight and is also very close to its support levels of around Rs 2,150. It is a good support level on daily closing charts and I think once again if the market moves up this will participate as well as contribute to the upside in the markets. On the upside Rs 2,225-2,250 would be a good level. Will get a gap up opening but in case there are any intraday dips or the margin pressures continues, these are the good stocks to take long positions into."

  

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