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June 14, 2001
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Money > Stocks > Technicals > Daily technicals June 14, 2001 |
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Trading strategy for June 15, 2001BSE Sensex: The position is weakening further and the outlook remains negative. Level of 3520 points remains as an immediate hurdle for the Sensex. Infosys: The stock did post a minor bounce, but the outlook remains negative. It has a good base at Rs 3730 below which the position will weaken drastically. On the upper side, it has an immediate hurdle at Rs 3900. Satyam: The counter remains one of the weakest in the tech sector. Next support for the stock is at Rs 180. Immediate resistance lies at Rs 217. ACC: The stock has a good support at Rs 130, below which the outlook will turn negative. On the upper side, long positions are recommended only above Rs 145. Bhel: The stock did post a bounce but ultimately broke its major support of Rs 175. The short-term outlook has turned negative. Level of Rs 186 would act as a strong resistance level. Next support for the stock is at Rs 155. Arc Investments & Consulting
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