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August 8, 2002
1632 IST
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Money > Stocks > Technicals > Daily Technicals August 8, 2002 1632 IST |
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Trading strategy for August 9, 2002BSE Sensex: Level of 3060 would act as an immediate hurdle for the index. On the lower side the fall can continue to 2850 levels. Satyam: The stock has taken resistance at its previous hurdle of Rs 210. This will continue to act as a short-term hurdle. On the lower side last support is at Rs 190. Mastek: Level of Rs 325 would act as a major support for the counter. Long positon can be contemplated at Rs 345 levels with a stop of Rs 325. Major outlook will improve above Rs 370. ITC: The stock continues to be in a down-trend. One can take short positons at Rs 665 level with a stop loss of Rs 690. On the lower side it can slide to Rs 600. BHEL: The stock is lacking direction. On the upper side immediate hurdle is at Rs 182. Outlook will turn negative below Rs 166. Arc Investments & Consulting |
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