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Home > Money > Stocks > Technicals > Daily technicals
June 8, 2001
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Trading strategy for June 11, 2001

BSE Sensex: The level of 3400 points continues to act as a support level for the index. Market continues to be in a bear phase and the outlook does not look very bright. Next hurdle lies at 3640 points

Digital: Digital and Wipro are the only two frontline technology based stocks which are in a medium-term uptrend. Digital has made a medium-term base at Rs 500. On the upper side, it is likely to face an immediate hurdle at Rs 595.

Himachal: The position of the stock is negative and is further likely to deteriorate below Rs 134. It has an immediate resistance at Rs 150.

Crest Communication: The stock has posted a break out and the outlook is further likely to improve. It has a good base at Rs 56, which can be used as a stop loss. The next major hurdle lies at Rs 110.

Corporation Bank: The stock has broken out and is approaching a resistance free area. The counter is entering a major bull phase. Medium-term players can use Rs 128 as a stop loss for the counter.

Arc Investments & Consulting

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Daily technicals

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