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Home > Money > Stocks > Technicals > Daily technicals
December 11, 2000 		Feedback  
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Trading strategy for December 12, 2000

BSE Sensex: The Sensex has crossed its major resistance of 4200 points. The next major resistance for the index is at 4800 points. The Sensex is likely to make fresh resistance on its way up. There is a major support at 3800 points.

Zee Tele: The stock has immediate resistance at Rs 326, above which the short-term outlook could improve. The stock has an immediate support at Rs 316.

ITC: The stock has crossed its major hurdle of Rs 865 and has closed on a strong note. Immediate support is at Rs 855, which could be used as a stop loss for short-term long positions.

Tisco: The stock has broken its first support level and has closed on a weak note. The next support lies at Rs 124 and then at Rs 120. The stock will continue to face resistance at Rs 132.

Hindustan Lever: The stock has an immediate resistance at Rs 196, above which long positions can be taken with a stop loss of Rs 192. It has a minor hurdle at Rs 200.

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Daily technicals

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