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Money > Stocks > Technicals > Daily technicals July 10, 2001 |
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Trading strategy for July 11, 2001BSE Sensex: With a help from old economy counters, the index managed to gain 28 points on Tuesday. The level of 3340 should be considered as a minor hurdle. Strong resistance is expected at around 3380 points. The first base level is at 3280 points. Digital: The stock managed to gain 3 per cent on Tuesday, but crossing the level of Rs 480 will not be an easy task. The hurdle thereafter exists at Rs 520. The level of Rs 435 is the first base. Satyam: The stock has been moving in a range of Rs 155-172 for the last few days. While a move above Rs 172 may not make the position very strong, a fall below Rs 158 will be very bad for its medium-term health. VSNL: The stock has made a good base at Rs 295, which can be considered as a stop loss for long positions. On the upper side, resistance is at around Rs 340. NIIT: The counter lost more than 3 per cent on Tuesday and the outlook is far from impressive. The downtrend may accelerate below Rs 300. The level of Rs 335 is a strong resistance. Arc Investments & Consulting
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