Thursday, August 11, 2011

BHEL UPDATE

The current upheavel in the Markets is definitely offering good entry opportunities for long term investors in premium stocks. BHEL too has seen a downturn in the past 10 days odd and had come down all the way to 1660 levels intraday few days back before quickly recovering. It seems to have a strong support at 1700 levels and is a great buying opportunity at or around 1700 levels. Of course it had recovered to 1790 levels intraday yesterday but in case of further downturn in the Markets in the coming days could again be available at lower levels where it can be picked up by long term investors.

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