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Money > Stocks > Technicals > Daily technicals July 26, 2001 |
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Trading strategy for July 27, 2001BSE Sensex: With a fall in counters like Hindustan Lever, Reliance, Reliance Petroleum and SBI, the index dipped below its earlier support of 3260 points. This is certainly a negative sign, and the next base exists at around 3097 points. Wipro: It showed a mixed trend on Thursday. The level of Rs 1290 is the first base, which can be used as a stop loss for long positions. The level of Rs 1420 is a strong resistance. Cipla: For the past few months, the stock has been moving in a narrow range. While its position will weaken below Rs 1050, the outlook should improve above Rs 1175. HCL Tech: The stock has shown a mixed trend in the last two trading sessions but the position is far from impressive. The fall may gather momentum below Rs 240. The level of Rs 300 is a strong hurdle. Larsen & Toubro: It has seen a steady fall in the past few trading sessions. The position will weaken further below Rs 200. The level of Rs 226 is a major hurdle. Arc Investments & Consulting
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