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May 28, 2002
1625 IST
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Money > Stocks > Technicals > Daily Technicals May 28, 2002 1625 IST |
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Trading strategy for May 29, 2002BSE Sensex:There are no signs of relief for the Sensex. Level of 3270 would act as immediate hurdle for the index. The only reference point on the lower side is at 3100. Infosys: The stock has closed near its last base of Rs 3490. Outlook is very negative and the counter could fall to 3150 levels. On the upper side immediate hurdle is at Rs 3600. This level can be used as a stop loss for all short-term short positions. Major hurdle continues to be at Rs 3840. ACC: The stock has its last support at Rs 145. All long positions should be liqudated below this level. On the upper side major hurdle continues to be at Rs 170. Satyam Comp: Immediate hurdle for the counter is at Rs 238. This level should be used as a stop loss for all short-term short positons. Position will further deteriorate below Rs 210. Dr Reddy's: The stock has its last support at Rs 850 levels. This can be used as a stop loss for all long positions. On the upper side level of Rs 1000 would act as an immediate hurdle. Arc Investments & Consulting |
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