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August 29, 2002
1621 IST
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Money > Stocks > Technicals > Daily Technicals August 29, 2002 1621 IST |
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Trading strategy for August 30, 2002BSE Sensex: The index continues to move in a sideways direction. On the lower side level of 3070 points would act as an immediate support. On the upper side short-term hurdle continues to be at 3150 points. Satyam Comp: The stock continues to move in the positive direction and the position is likely to stay firm. Immediate support is at Rs 228. Infosys: This counter has remained firm and level of Rs 3360 can be used as a stop loss for all long positions. Immediate hurdle is at Rs 3560 and thereafter at Rs 3800. Global Tele: The counter has posted a good correction from its recent high of Rs 92. Long positions can be taken at current levels with a stop loss of Rs 79. United Phosphorous: The counter has been showing sustained weakness. All medium term long positions should be liquidated. It is likely to face major hurdle at Rs 130. Arc Investments & Consulting |
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