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September 28, 2001
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Money > Stocks > Technicals > Daily technicals September 28, 2001 |
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Trading strategy for October 1, 2001BSE Sensex: Though individual stocks posted lot of volatility, especially the technology stocks, Sensex remained firm for most part of the day. There is an immediate support at 2750 points. Wipro: The counter has seen a lot of volatility. It has a strong hurdle at Rs 1105 and a good base at Rs 987. Unless these levels are broken on either side, no positions should be taken. The outlook remains weak. Ranbaxy: The counter is above its resistance level of Rs 640 and appears strong. It has an immediate support at Rs 620. There is a minor hurdle at Rs 685. Zee Tele: The stock has broken its first short-term support of Rs 88. There is a good support at Rs 84, below which the outlook will turn negative. There is an immediate resistance at Rs 95. Dr. Reddy: The counter has been trading in a broad range of Rs 1740 and 1870. The stock continues to be in an uptrend and the position will further improve above Rs 1840. Arc Investments & Consulting
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