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Money > Stocks > Technicals > Daily technicals July 3, 2001 |
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Trading strategy for July 4, 2001BSE Sensex: The index has come close to its major base of 3295 points which is not a good sign for the market. Immediate hurdle lies at 3340 points and a major resistance lies at 3500 points. HCL Technologies: The stock is close to the major base of Rs 250, below which the outlook will further turn negative. The counter is in the bear phase and the outlook remains negative. Immediate resistance lies at Rs 276. Reliance: The stock has broken an important support and has closed on a negative note. Next major base is at Rs 291. Immediate resistance lies at Rs 338 and a major hurdle lies at Rs 380. BEL: The stock has crossed its major resistance of Rs 65 and has closed on a strong note. Major base for the counter lies at Rs 60 which can be used as a stop loss for all long positions. SBI: The counter has made a strong base at Rs 210, which can be used as a stop loss for all long positions. The counter appears attractive at these levels. Minor hurdle lies at Rs 232. Arc Investments & Consulting
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