Rediff Logo
Money
Line
Channels: Astrology | Broadband | Chat | Contests | E-cards | Money | Movies | Romance | Search | Weather | Wedding
                 Women
Partner Channels: Bill Pay | Health | IT Education | Jobs | Technology | Travel
Line
Home > Money > Stocks > Technicals > Daily technicals
August 8, 2001
Feedback  
  Money Matters

 -  Business Special
 -  Business Headlines
 -  Corporate Headlines
 -  Columns
 -  IPO Center
 -  Message Boards
 -  Mutual Funds
 -  Personal Finance
 -  Stocks
 -  Tutorials
 -  Search rediff

    
      



 
 Search the Internet
         Tips
 Sites: Finance, Investment
E-Mail this report to a friend
Print this page

Trading strategy for August 9, 2001

BSE 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

Money

Daily technicals

Tell us what you think of this report