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August 1, 2002
1610 IST
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Money > Stocks > Technicals > Daily Technicals August 1, 2002 1610 IST |
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Trading strategy for August 2, 2002BSE Sensex: Short term outlook in the Sensex continues to be sideways to negative. Any bounce should be used as an opportunity to sell. Satyam Comp: The stock would face an immediate resistance at Rs 210. One can take a short position with this level as a stop loss. On the upper side next major hurdle is at Rs 222. Infosys: The stock has an immediate hurdle at Rs 3140. One can take a short positon with this level as a stop loss. It has a last base at Rs 2980, below which short positions can be added with a stop loss of Rs 3080. Zee Tele: The stock has immediate hurdle at Rs 114. The counter is in a sustained downtrend and short positions can be added with this level as a stop loss. The counter can slide to Rs 88. Reliance: The counter has its last support at Rs 240, below which the outlook will further look down. The counter can slide to Rs 225. On the upper side immediate hurdle is at Rs 252 and major resistance lies at Rs 260. Arc Investments & Consulting |
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