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Home > Money > Stocks > Technicals > Daily technicals
August 9, 2001
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Trading strategy for August 10, 2001

BSE Sensex: The index took minor support at 3270 points. On the upper side, it continues to have resistance at 3360 points.

Balaji Tele: The stock has tapered after posting an all-time high volume. The level of Rs 231 would act as an immediate hurdle for the stock. The counter is entering an intermediate bull-run. Long positions should be taken only after some consolidation.

Infosys: The counter has taken support close at its previous level of Rs 3600. This appears to be just a bounce and the outlook continues to be negative in the counter. Short positions can be initiated below Rs 3600.

Digital Equipment: The short-term outlook in the counter has not turned negative yet. Long positions can be taken above Rs 476 with a stop loss of Rs 460.

Hero Honda: The stock has been improving steadily. Though no fresh purchases are recommended at this stage, medium term players should hold on to the positions. The counter is likely to face major resistance at Rs 220 levels. It has an immediate base at Rs 140.

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