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July 24, 2001
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Money > Stocks > Technicals > Daily technicals July 24, 2001 |
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Trading strategy for July 25, 2001BSE Sensex: The index continues to have support at 3260 points. The outlook remains negative and no long positions are recommended. The immediate hurdle lies at 3460 points. Wipro: The stock has posted a corrective rally and is likely to face major resistance at Rs 1420. It has an immediate support at Rs 1280. Mukta Arts: The stock has broken its medium term support of Rs 140 and has closed on a negative note. Any bounce should be used as an opportunity to exit the counter. It has an immediate hurdle at Rs 148 levels. Ranbaxy: The stock has an immediate base at Rs 500. This level can be used as a stop loss for short-term positions. On the upper side, it is likely to face a hurdle at Rs 545. Bhel: The stock continues to be range-bound. Medium term players should use Rs 160 as a stop loss for all long positions. On the upper side the position will improve further above Rs 185. Arc Investments & Consulting
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