Books
Columnists
Indian Tax
Insurance
Interview
Mutual Funds
NRI Tax
Personal Finance
Personal Banking
Real Estate
Stocks

Trading strategy for July 10, 2000

Sensex: The Sensex has posted a lower top and the short term outlook is negative below 4940 points. The next support is at 4780 points. On the upper side it has an immediate resistance at 4940 points. As far as the medium term outlook is concerned, the level of 4607 is important. Below this, the medium term outlook will turn negative.

Satyam: The stock is yet to cross any major resistance and has an immediate support at Rs 3100 and thereafter at Rs 2880. Last support lies at Rs 2730. On the upper side, it has an immediate resistance at Rs 3250 and then at Rs 3400.

Global Tele: The stock is below its last support and has shown further weakness. No long positions are recommended at this stage. The stock has an immediate resistance at Rs 1280 and thereafter at Rs 1380.

Himachal: The stock has made a strong resisitance at Rs 1440 and long positions should be taken only once this level is crossed. It has a support at Rs 1360 below which the outlook will be negative.

SBI: The stock has been in the range of Rs 228 and Rs 236. Further course will be decided by the direction it takes on either side. For long positions one can use a stop loss of Rs 228, below which it can drop to Rs 215.

Arc Investments & Consulting

Daily Technicals

Tell us what you think of this feature