Buy BSEL Infra: Vasudeo

Technical Analyst, Hitendra Vasudeo is of the view that one can buy BSEL Infrastructure.

Vasudeo told CNBC-TV18, "After a long sideways movement BSEL Infrastructure is showing some signs of an upward movement. It has taken support on the 200-day moving average. It has crossed its lower top of Rs 58.70. So I think it is heading towards Rs 70 and if it is able to cross Rs 70 then we are into a very strong upmove. But till then we could expect a range bound movement of 270 or maybe on a downside on a 50-55. On the whole one can be on buying side. It looks to be heading up from hereon."