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June 11, 2001
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Money > Stocks > Technicals > Daily technicals June 11, 2001 |
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Trading strategy for June 12, 2001BSE Sensex: The index has moved in a narrow range and the outlook continues to remain bearish. Support for the Sensex continues to be at 3400 levels. Satyam: The stock is in a major down trend and the outlook is likely to further deteriorate below Rs 207. It has an immediate hurdle at Rs 225. Infosys: This stock too continues to be under pressure. Immediate support lies at Rs 3700. Level of Rs 4000 will serve as a strong hurdle for the counter. Digital: The stock continues to do well and has an immediate support at Rs 544, which can be used as a stop loss for short-term positions. Major base is at Rs 500. The outlook is further likley to improve above Rs 570. Cipla: The stock has made a strong base at Rs 1075, which can be used as a stop loss for all long positions. On the upper side, the position is likely to improve above Rs 1150. Arc Investments & Consulting
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