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March 1, 2001
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Money > Stocks > Technicals > Daily technicals March 1, 2001 |
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Trading strategy for March 2, 2001BSE Sensex: The sensex has taken resistance at 4400 levels, which will continue to act as an immediate hurdle. Next support for the sensex lies at 4160 points and major base lies at Rs 4040. Satyam: The stock is close to its major base of Rs 300, below which the outlook is further likely to deteriorate. In the short-run, the stock is likely to face hurdle at Rs 350. Wipro: The stock has already posted a corrective bounce and the level of Rs 2300 should be used by medium-term players. Immediate hurdle for the stock lies at Rs 2600. Tisco: The stock has crossed a major hurdle of Rs 162 and has closed above it. The position is further likely to improve above Rs 167. Major base for the stock lies at Rs 150. This level can also be used as a stop loss by medium-term players. Bhel: The stock has a major hurdle at Rs 175, above which long positions can be taken, with Rs 165 as a stop loss. It has a major base at Rs 158. Arc Investments & Consulting
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