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Money > Stocks > Technicals > Daily technicals June 26, 2001 |
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Trading strategy for June 27, 2001BSE Sensex: The index has posted a double bottom and the significance of the level of 3295 points has further increased. The level of 3420 points would act as an immediate hurdle and there is a major resistance at 3520 points. Digital Equipment: The stock has rallied to its resistance area of Rs 500. The next hurdle is at Rs 580. The counter is in a negative trend. No long positions are recommended at this stage. Cipla: The stock has made a strong base at Rs 1080 which can be used a stop loss for all long positions. It is likely to face a minor hurdle at Rs 1145. Mukta Arts: The stock has yet to cross any major resistance. It has an immediate hurdle at Rs 166. It has a major base at Rs 140 below which the outlook is likely to turn negative. HDFC: The stock continues to be in a resistance-free area and has a major base at Rs 640, which could be used as a stop loss for all long positions. Arc Investments & Consulting
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