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August 6, 2001
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Money > Stocks > Technicals > Daily technicals August 6, 2001 |
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Trading strategy for August 7, 2001BSE Sensex: The index crossed its minor hurdle of 3350 points but was unable to sustain at higher levels. The next support lies at 3280 points. Infosys: The stock has been moving sideways. The level of Rs 3900 would act as an immediate hurdle and long positions should be taken only above this level. Its position will deteriorate further below Rs 3650. SSI: The stock peaked to Rs 220. This level would act as an immediate resistance. It has a minor support at Rs 185 and then at Rs 160 levels. Zee Tele: The counter posted an intra-day rally which could not be sustained. It has an immediate support at Rs 92 and then at Rs 86. Long positions can be taken on declines. ACC: The movement in the counter suggests that no long positions in the stock should be taken unless the level of Rs 150 is crossed. It has a major base at Rs 135. Arc Investments & Consulting
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