Hemant Thukral of Aditya Birla Money told CNBC-TV18, "I would put both L&T and BHEL as a buy. There are two reasons behind it, first the way the positions have been rolled in both of them are showing signals of either shorts getting out of the system like in case of BHEL and in Larsen and Toubro (L&T) some rollover cost is positive. So clearly telling that supportive buying is coming."
He further added, “Yesterday Bharat Heavy Electricals (BHEL) has crossed Rs 133-136 barrier which was acting as a resistance for it and till the time it stays above Rs 137-138 one should trade with a positive view. Remember if it crosses Rs 146 which has been its three months high, then we are talking about a rate of Rs 165. So definitely I am positive on BHEL and maintain a band of Rs 137-138 as a stop loss."
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