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July 1, 2002
1646 IST
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Money > Stocks > Technicals > Daily Technicals July 1, 2002 1646 IST |
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Trading strategy for July 2, 2002BSE Sensex:Index is close to its major hurdle of 3300 points. A correction from these levels appears more likely. On the lower immediate support is at 3250 points. Satyam Comp: The counter is approaching its major hurdle of Rs 245. Medium term outlook continues to be bearish and short positons can be taken below Rs 235 with a stop loss of Rs 240. NIIT: The stock has broken a major support of Rs 245 and has closed below it. Outlook appears negative and positon will further deteriorate below Rs 240. It has major resistance at Rs 255. BEL: The stock has a major support at Rs 195. This level can be used as a stop loss for all long positions. Minor hurdle for the counter lies at Rs 230. Shipping Corporation: The stock has shown first signs of bottoming out. Level of Rs 86 would act as a strong support for the counter. Long positons can be taken at Rs 91 with this base as a stop loss. Major hurdle lies at Rs 110. Arc Investments & Consulting |
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