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Money > Stocks > Technicals > Daily technicals May 29, 2001 |
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Trading strategy for May 30, 2001BSE Sensex: The Sensex moved in a narrow range but managed to remain firm again on Tuesday. The next major hurdle lies at 3850 points. The immediate support continues to be at 3620 points. Satyam: The stock took resistance at Rs 256 and has corrected from that level. Though the counter has yet to cross any major medium term level, the position will improve above Rs 254. Long positions can be taken above this level with Rs 244 as a stop loss. Global Tele: The counter has crossed its first major resistance level of Rs 234 on intra-day basis. The outlook for the counter is positive and is likely to improve further above Rs 236. It has an immediate base at Rs 225 and then at Rs 215. ACC: The stock has managed to cross its first major level of Rs 143 and has closed near it. It has an immediate base at Rs 139 and then at Rs 136. MTNL: The stock has a major resistance at Rs 152 and long positions can be taken above this level with Rs 147 as a stop loss. Arc Investments & Consulting |