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July 17, 2001
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Money > Stocks > Technicals > Daily technicals July 17, 2001 |
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Trading strategy for July 18, 2001BSE Sensex: The Sensex has taken support at 3400 levels, which would act as an immediate base. The level of 3513 would act as an immediate resistance. Reliance: The stock has made a double bottom at 320 levels and is bound to move in a sideways manner. The stock will face a major hurdle at Rs 350. ACC: The stock has an immediate base at Rs 138 and a major base at Rs 132. The outlook is likely to improve above Rs 147. Gujarat Ambuja: The stock has made a strong base at Rs 178, which could be used as a stop loss for all long positions. The position is likely to improve above Rs 195. Outlook for the counter is positive. Mukta Arts: The stock has been moving in a sideways direction for quite some time. Major support lies at Rs 140, below which the medium-term outlook is likely to deteriorate. Immediate hurdle lies at Rs 155 and a major resistance is at Rs 170. Arc Investments & Consulting
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