Women
Partner Channels: Bill Pay | Health | IT Education | Jobs | Technology | Travel
August 7, 2001
|
|
|
|
|
|
||
|
Channels: Astrology | Broadband | Chat | Contests | E-cards | Money | Movies | Romance | Search | Weather | Wedding Women Partner Channels: Bill Pay | Health | IT Education | Jobs | Technology | Travel |
||
|
|
||
|
Home >
Money > Stocks > Technicals > Daily technicals August 7, 2001 |
Feedback | |
|
Trading strategy for August 8, 2001BSE Sensex: The Sensex has broken its first base of 3320 points and has closed below it. The level of 3357 points would act as a strong resistance for the index. Major trend continues to be bearish. Dr Reddy: The stock continues to be strong and only long positions are recommended at various levels. It has a base at Rs 1810. A minor hurdle lies at Rs 1900. Ranbaxy: The stock has been gaining strength in a steady fashion. It is close to its medium-term hurdle of Rs 550, above which the outlook will further improve. Immediate base is at Rs 535 and a major support lies at Rs 515. Grasim: The stock has remained steady and the position is likely to further improve above Rs 318. Long positions should be taken above this level with a stop loss of Rs 302. Hughes Software: The stock has been moving in a sideways direction for over a month. A major base lies at Rs 550, which should be used as a stop loss for medium-term players. The overall position is likely to improve above Rs 650. Arc Investments & Consulting
|
||||
