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

Trading strategy for May 19, 2000

Reliance Industries: For the first time in the last few days the stock has closed below its major support of Rs 310. Next support for the stock is at around Rs 290 level. On the upper side, it has an immediate resistance at Rs 320 and thereafter at Rs 328.

Reliance Petro: As mentioned earlier, the stock has broken its first support levels of Rs 52 and the last support of Rs 50. It has closed on a very weak note at the lower circuit. Next support lies at around Rs 40.

Satyam Computer: The stock has crossed a minor top of Rs 2980. Its next resistance is at Rs 3200. Imemdiate support lies at Rs 2850 and major base is at Rs 2500.

Himachal Futuristic: The stock has posted a double bottom at Rs 750. Immediate resistance for the stock lies at Rs 820 and thereafter at Rs 1100.

SBI: The stock has some major resistance at Rs 192 levels and any long positions can be contemplated only once this level is crossed. On the lower side, it has a minor support at Rs 182 below which the downtrend may get accelerated. The next base exists at Rs 165.

Arc Investments & Consulting

Stocks

Tell us what you think of this feature