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Money > Stocks > Technicals > Daily technicals June 1, 2001 |
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Trading strategy for June 4, 2001BSE Sensex: The position for the Sensex has further turned negative and the outlook remains the same. Immediate resistance lies at 3640 points. Next support is at 3400 points. Infosys: The stock has hardly posted any bounce, which is not a good sign for the counter. It has a minor base at Rs 3695, below which the outlook will turn worse. Immediate resistance lies at Rs 3824. SSI: The stock has broken a major support of Rs 495 and has closed near it. The outlook is extremely negative and the position is further likely to turn worse. Immediate hurdle is at Rs 540. Tata Power: The stock continues to be in the positive trend. It has an immediate hurdle at Rs 149, above which the short-term outlook for the stock will turn positive. Immediate base is at Rs 141. ITC: The stock did manage to cross its immediate resistance, but could not sustain at higher levels. It has an immediate base at Rs 755, below which medium-term players can liquidate the stock. Arc Investments & Consulting
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