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Money > Stocks > Technicals > Daily technicals July 11, 2001 |
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Trading strategy for July 12, 2001BSE Sensex: Index has managed to cross its minor hurdle of Rs 3340. The outlook continues to be negative. Next hurdle lies at Rs 3490. Zee: The stock has been showing weakness on a sustained basis. It is likely to face resistance at Rs 100 and thereafter at Rs 105. Immediate support lies at Rs 95. ITC: The stock has been moving sideways for couple of trading sessions. It has an immediate support at Rs 740, below which the outlook is likely to turn negative. Immediate hurdle lies at Rs 775. Reliance Petro: The stock is close to its major base of Rs 44, below which the counter is likely to drift further. It has an immediate resistance at Rs 48 and major resistance lies at Rs 56. Tips: The stock has a major base at Rs 72, below which the outlook will turn negative. Short positions can be taken in the stock with Rs 75 as a stop loss. The counter continues to be in a downtrend. Arc Investments & Consulting
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