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Money > Stocks > Technicals > Daily technicals May 25, 2001 |
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Trading strategy for May 28, 2001BSE Sensex: The reference points continue to remain the same for the index. The support lies at 3620 and the resistance is at 3710 points. Infosys: The stock has an immediate resistance at Rs 4250, above which the outlook is further likely to improve. On the lower side, immediate base is at Rs 4120 and thereafter at Rs 3800. Digital: The stock has an immediate base at Rs 537, which can be used as a stop loss for short-term long positions. On the upper side, the outlook is further likely to improve above Rs 560. Zee: For short-term traders, the stock has a good base at Rs 135 which can be used as a stop loss. The stock is likely to trade in the current region. Cipla: Though the stock dipped sharply during the day, the outlook in the stock has not turned negative. For medium-term investors the level of Rs 1014, which is the day's low, should be used as a stop loss. Arc Investments & Consulting |