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Home > Money > Stocks > Technicals > Daily technicals
August 24, 2001
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Trading strategy for August 27, 2001

BSE Sensex: Sensex continues to move in a narrow range and has yet to break either side. Level of 3270 continues to act as a support for the index.

Zee Telefilms: The position in the counter has been improving steadily. It is likely to face resistance at Rs 125 levels. Immediate support for the counter lies at Rs 106 and a major base is at Rs 87.

Wipro: The stock has crossed its immediate hurdle of Rs 1490 and has closed near that. It has a good support at Rs 1410 and thereafter at Rs 1300 levels. Next hurdle lies at Rs 1545.

Reliance: Outlook in the stock continues to be negative. Immediate resistance lies at Rs 324 and a major hurdle continues to be at Rs 342. It has a minor base at Rs 312 and major support lies at Rs 290.

Ashok Leyland: The stock seems to have absorbed most of the selling pressure and its position is improving . It has crossed its first medium-term barrier of Rs 60. The next hurdle lies at Rs 72. It has a good base at Rs 50.

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