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June 19, 2001
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Money > Stocks > Technicals > Daily technicals June 19, 2001 |
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Trading strategy for June 20, 2001BSE Sensex: Immediate hurdle for the index continues to be at 3520 points. Immediate support lies at Rs 3300. Satyam: The stock is showing weakness at all levels. It has a minor support at Rs 191, below which the outlook is likely to further deteriorate. It is likely to face a hurdle at the level of Rs 200. NIIT: The stock is close to its one year low and the outlook remains bleak. It has an immediate support at Rs 348. Minor hurdle is at Rs 364. L&T: The stock has shown weakness and short-term players can use the bounce to exit the counter. For medium-term players, the reference point is Rs 210. Minor hurdle lies at Rs 224, while major resistance is at Rs 260. Mukta Arts: The stock has its medium-term support level at Rs 132, which should be used as a stop loss for all long positions. On the upper side, it is likely to face an immediate hurdle at Rs 170. Arc Investments & Consulting
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