Search the Internet          Tips  Sites: Finance, Investment

Trading strategy for September 18, 2002

BSE Sensex: The market was in recovery mode on Tuesday, and the index managed to show a gain of 30 points. With the lastest recovery, the level of 3072 points becomes an important immediate base. On the upper side, the level of 3140 points is an immediate resistance.

Infosys: This counter managed to gain 3 per cent on Tuesday, and the short-term position may remain favourable. It has a strong hurdle at around Rs 3800. The level of Rs 3515 is an important support on the down side.

HCL Tech: This stock also showed a smart gain of 8 per cent, and is close to its immediate hurdle of Rs 224. On the upper side, the range of Rs 235-245 may act as major resistance. The stop loss for all long position should be Rs 202.

Zee Tele: While majority of the stocks closed in positive territory, this stock lost nearly two per cent on Tuesday, and the short-term position is far from impressive. A minor base for the stock is at Rs 96 whereas the level of Rs 115 is a major hurdle.

ITC: The stock has moved in a broad range in the recent past. It has made a good base at Rs 650 whereas the position will turn strong above Rs 700.

Arc Investments & Consulting

Money
Business News

Tell us what you think of this report