BEL

Yesterday BEL closed at 1257.40[- 0.9 %] after touching 1281.15.

The stock is from defence sector and good push to make in India will be good for BEL.

It has resistance in the range of 1275 to 1285 and will become strong above 1300. On down side it has good support at 1250.

The stock looks good to me as long as it trades well above 1232, weak below 1205.

VWAP of last 8 days is 1233.80.

17/06/2016.

16.06.2016.

15/06/2016.

As per my view AIAENG may touch 1058.85 – 1071, weak below 1017 and below 1015 may touch 1008 – 1005 - 999.

As per my view BAJAJFINSV may touch targets 1869 – 1900 - 1910, weak below 1781.55 and below 1774 may touch 1750.95.

As per my view SMLISUZU may touch 1869 – 1900 - 1910, weak below 1017 and below 1015 may touch 1010.70 – 1005.75.

As per my view SYNGENE may touch 403.20 – 414, weak below 378 and below 377 may touch 373.50.