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Home > Money > Stocks > Technicals > Daily technicals
December 26, 2000 		Feedback  
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Trading strategy for December 27, 2000

Sensex: As there has been a one-way decline of nearly 500 points, the fall should show a slowdown. A corrective rally is not ruled out. The Sensex has a support at 3800 points, immediate resistance is at 3940 points.

Global Tele: The stock has a support at Rs 740 which can be used as a stop loss for long positions. Major resistance for the stock is at Rs 880.

NIIT: The level of Rs 1460 should be considered as a stop loss for long positions. Strong resistance exists at Rs 1680.

HCL Tech: The stock has a support at Rs 510. The first major resistance for the stock exists at Rs 580 and a minor hurdle is at 545.

DSQ Soft: Like other software stocks DSQ Soft has also fallen drastically in the last five days. One can expect a bounce. The level of Rs 365 should be treated as a stop loss.

Arc Investment & Consulting

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Daily Technicals

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