BEML Limited December expiry future today closed at 1110 with a gain of 3%. Today BEML future was top gainer in F&O segment. BEML future in intraday hit high around 1116 while low was at 1057.
BEML after touching its 50 days ema level faced strong supply from the market and given healthy correction up to 1050. Which was the temporary bottom for the stock. On upside now 1155 is 50 ema level and resistance zone. On the downside, 1100 and 1050 bottom support levels.
1050-1060 was buying opportunity zone for target 1105 and 1155. Out of which 1105 achieved now expect next stop at 1155.