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Money > Stocks > Technicals > Daily technicals August 8, 2001 |
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Trading strategy for August 9, 2001BSE Sensex: The index slipped further and is close to its base of 3250 points, below which the outlook will further turn negative. Immediate resistance lies at 3327 points. Wipro: The stock has been able to sustain at higher levels. Major base lies at Rs 1495. Long positions can be taken above Rs 1545, with Rs 1495 as a stop loss. HCL Tech: The stock has fallen with huge volumes. It has a major base at Rs 230. If the stock is not able to sustain above this base, the outlook is likely to turn extremely negative. Immediate resistance lies at Rs 267 and a major hurdle is at Rs 300. SBI: The stock has been slipping more with lack of buying support rather than any heavy selling. It has a major base at Rs 189. Immediate resistance lies at Rs 215. Cipla: The stock has yet to move out of its level of Rs 1175, which would act as a major hurdle. The level of Rs 1040 continues to act as a major base for the stock. Arc Investments & Consulting
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