Jitendra Panda of Peerless Securities told CNBC-TV18, "Bharat Heavy Electricals (BHEL) has given a breakout above Rs 150 levels and holding up at Rs 160-164 levels. So buy at current levels and keep the stoploss of around Rs 155. We should see Rs 170, because overall after a long time it has given this breakout, so we have a very strong support. So Rs 170 is looking imminent if the market is doing well."
"Metal as a pack has been doing well. Hindalco Industries has shown strength and resilience. We believe after breaking out at Rs 121 that could be a stop loss now, that is a good support level. Historically it had acted as resistance. So with that stoploss we can look at Rs 128-138 levels on Hindalco which is looking positive," he said.Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!
