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Home > Money > Stocks > Technicals > Daily technicals
May 16, 2001 		Feedback  
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Trading strategy for May 17, 2001

BSE Sensex: The Sensex has taken resistance at 3640 levels, which continues to act as a resistance level for the index. On the lower side, it has a major support at 3440 points.

Infosys: The stock did not manage to cross its major barrier of Rs 4100 and has come close to its support of Rs 3750, below which the outlook will further turn negative. Next major support lies at Rs 3400 levels.

Digital: The stock has posted an intra-day double top at Rs 495, which would act as an immediate barrier for the stock and any long positions should be taken above this level only. On the lower side, it has an immediate base at Rs 450.

SSI: The stock has an immediate base at Rs 520 , below which the outlook will further turn negative. On the upper side, it has an immediate hurdle at Rs 570.

Telco: The stock has made a major base at Rs 73, which can be used as a stop loss for all long positions. The outlook for the stock is positive.

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Daily technicals

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