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July 5, 2002
1737 IST
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Money > Stocks > Technicals > Daily Technicals July 5, 2002 1737 IST |
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Trading strategy for July 8, 2002BSE Sensex: The sideways movement is further likely to continue in the index. Immediate support is at 3310 points. Infosys: The stock has remained firm in the past couple of trading sessions. It has an immeidate base at Rs 3325. Next hurdle is at Rs 3500. On the whole the stock is expected to be rangebound. Mastek: The counter has rallied sharply. It is likely to take hurdle at these levels. Extension of the upmove can come till 380 levels. On the lower side immediate support is at Rs 340. ITC: The stock is approaching its major hurdle area of Rs 750 levels. Long positions should be taken with due care. Immediate support lies at Rs 700. MTNL: The stock has major hurdle at Rs 155. Long positons can be taken above Rs 154 with a stop loss of Rs 149. Arc Investments & Consulting |
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