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Money > Stocks > Technicals > Daily technicals June 18, 2001 |
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Trading strategy for June 19, 2001BSE Sensex: The index has recovered from the lower level and 3295 would act as a short-term support. Immediate hurdle is at 3400 and thereafter at 3520 points. HCL Tech: The stock has not yet broken its main base of Rs 345 and has closed on a firm note. This level should be treated as a stop loss for all long positions. On the upper side, it has immediate resistance at Rs 400. Reliance: The stock is approaching its major base of Rs 333 and is likely to take support at these levels. Immediate hurdle is at Rs 362 and major resistance lies at Rs 380. Tata Power: The stock showed its first signs of weakness. It has its major base at Rs 129, below which the outlook will turn negative. Immediate hurdle lies at Rs 138. HDFC Bank: The stock has broken a major base of Rs 210. It has closed below Rs 200 for the first time in the last one year. This is a sign of weakness and medium-term players should make an exit from the counter. A major hurdle lies at Rs 250. Arc Investments & Consulting
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