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June 7, 2001
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Money > Stocks > Technicals > Daily technicals June 7, 2001 |
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Trading strategy for June 8, 2001BSE Sensex: The Sensex took a minor support to close at 3400 level. This level would act as a reference point in the short-term. On the upper side, immediate resistance is at 3520 points. Infosys: The stock has made an intra-day double bottom at Rs 3700, which could act as a good support. On the upper side, it is near its immediate resistance of Rs 3920. Next hurdle is at 4200 levels. Wipro: The stock has once again taken support at Rs 1520. This would act as a strong base for the counter. Immediate hurdle is at Rs 1640 and thereafter at Rs 1740. Grasim: The counter has a strong support at Rs 322. Immediate hurdle is at Rs 338, above which the outlook is likely to improve. VSNL: The stock has a medium-term base at Rs 344. This can be used as a stop loss for all long positions. On the upper side, immediate resistance is at Rs 370. Arc Investments & Consulting
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