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Money > Stocks > Technicals > Daily technicals July 20, 2001 |
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Trading strategy for July 23, 2001BSE Sensex: The index has been slipping and is close to its base of 3265 points. It has an immediate resistance at 3400 points. Wipro: The stock has posted a rally from Rs 1150 levels and a correction. It has an immediate base at Rs 1320. It has an immediate resistance at Rs 1500. Tata Power: The counter has a good base of Rs 140, which can be used as a stop loss for all long positions. The next base lies at Rs 135. On the upper side it is likely to face a hurdle at Rs 147. L&T: The stock has a strong resistance at Rs 226. This could be used as a stop loss for all short positions. The next base lies at Rs 204. The outlook continues to be negative. SSI: The stock has made a double bottom in its intra-day chart. Although the position is weak, those interested in bottom fishing can consider Rs 196 as stop loss. It has a strong resistance at around Rs 240. Arc Investments & Consulting
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