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Home > Money > Stocks > Technicals > Daily technicals
June 12, 2001
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Trading strategy for June 13, 2001

BSE Sensex: The Sensex continued to move sideways for yet another day. It has an immediate hurdle at 3525 points. Major support continues to be at 3400 points.

SSI: The counter has failed to show any strength and the position is likely to get worse below Rs 390. There are no immediate supports and no long positions are recommended. It has an immediate hurdle at Rs 420.

Reliance: The stock has consolidated for four consecutive days. It has an immediate resistance at Rs 374, above which long positions can be taken with a stop loss of Rs 364.

Gujarat Ambuja: The stock has posted a rally and is reaching close to its first hurdle of Rs 193. The counter continues to be in a medium-term uptrend. It has a good support at Rs 171.

PSI Data: The stock has managed to consolidate itself at higher levels, which is a positive sign. It has an immediate resistance at Rs 176, above which long positions can be taken with a stop loss of Rs 166.

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