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January 8, 2002
1720 IST
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Money > Stocks > Technicals > Daily Technicals January 8, 2002 1720 IST |
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Trading strategy for January 9, 2002BSE Sensex: For the fifth consecutive day, the index managed to show a positive close, and is all set to touch its major hurdle of 3500 points. The level of 3390 points is an immediate support, and can be used as referance point by extremely short term players. Satyam Computer: While it gained smartly, the trading volume showed a smart surge on Tuesday. A slowdown in uptrend is not ruled out but short position should be avoided. A base is expected at around Rs 300. Polaris: It has made a good base at Rs 200 which can be used as stop loss for long positions. While the outlook is positive, the immediate resistance is likely at around Rs 230. Mastek: The level of Rs 274 should be considered as an important support, and long position can be liquidated below this level. The uptrend may gather momentum above Rs 305. Ranbaxy: The medium term position for this counter is favourable, and the level of Rs 660 is an important support. A minor resistance lies at Rs 770. Arc Investments & Consulting |
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