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Money > Stocks > Technicals > Daily Technicals August 19, 2000 |
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Trading Strategy for August 21, 2000Sensex: The Sensex has closed near its resistance of 4380 points which is a strong short-term resistance. It has made a minor base at 4270 points. DSQ Software: The stock has posted higher bottoms and is close to its minor resistance of Rs 720. Immediate suppurt for the stock is at Rs 660 which can be used as stop loss for long position. SSI: Like other software stocks, this too has moved above its short-term resistance of Rs 2350, and the next major hurdle for the counter is at around Rs 3000. The stock has a base at Rs 2210. Wipro: This counter has also crossed its short-term resistance. Immediate support for the stock is at Rs 2470 which should be used as stop loss for long positions. Pentamedia: The stock is yet to cross its major hurdle of Rs 420 above which outlook will improve drastically. Immediate base exists at Rs 385. Arc Investments & Consulting |