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Money > Stocks > Technicals > Daily technicals July 6, 2001 |
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Trading strategy for July 9, 2001BSE Sensex: The index has taken support at its previous base of 3285 points. Immediate hurdle lies at 3340 points. Digital Equip: The stock posted a sharp recovery from its day's low. It has yet to breach its major support of Rs 425. However the counter does not look attractive for long positions. It has immediate hurdle at Rs 480 and major resistance at Rs 515. MTNL: The position of the stock is getting worse by the day and the outlook will turn extremely negative below Rs 120. Level of Rs 138 would act as a major resistance for the counter. ACC: The counter is going no-where, and is moving in the narrow band for the last two months. It has its last base at Rs 126. On the upper side the outlook will improve only above Rs 145. Tisco: After breaking the support level of Rs 138, the stock saw an unabated fall. The counter might post a marginal bounce from these levels but no long positions are recommended. The stock has entered into a major bear phase and could slip to the level of Rs 80. Arc Investments & Consulting
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