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May 23, 2001
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Money > Stocks > Technicals > Daily technicals May 23, 2001 |
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Trading strategy for May 24, 2001BSE Sensex: The level of 3620 points would serve as an immediate base for the index. On the upper side, it is likely to face a minor hurdle at 3700 points. Satyam: The stock has crossed a minor top of Rs 240 intra-day. The next hurdle lies at Rs 252. On the lower side, an immediate base is at Rs 233 and thereafter at Rs 225. SSI: The stock has an immediate hurdle at Rs 590, above which long positions can be taken in the counter. It has an immediate base at Rs 560. Reliance: The stock has made a strong base at Rs 375, which can be used as a stop loss for all short-term long positions. Next support for the stock is at Rs 360. On the upper side, a minor hurdle lies at Rs 388. Tata Tea: The stock has managed to consolidate itself over a couple of trading sessions. Medium-term players can take long positions with Rs 205 as a stop loss. The next hurdle is at Rs 250. Arc Investments & Consulting |
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