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

Trading strategy for July 03, 2000

Sensex: For the sensex, the level of 4850 points continues to remain as a major hurdle. The outlook will improve above this level. On the downside, it has a good support at around 4600 points.

Satyam Computer: The short-term base for the stock is at Rs 2900, and the position will weaken below this level. This can be used as a stop loss for long positions. The next base for the stock is at Rs 2750. On the upper side, the first resistance is at Rs 3100.

Global Tele: This stock has taken a support at Rs 1290 which can be used as stop loss for long positions. The position would turn bearish below this level. On the upper side, the first resistance is at Rs 1450.

Wipro: Unlike other software stocks Wipro remained firm on Friday. The first base for the stock is at Rs 2800 and the second support is at Rs 2700 below which the position will weaken. On the upper side it has a strong hurdle at Rs 3050.

Infosys: This counter also remained firm in comparision to other software stocks. The first base for the stock is at Rs 8100 and the next major support exists at Rs 7900. On the upper side, immediate resistance is at Rs 8600 and the last hurdle is at Rs 8900.

Arc Investments & Consulting

Daily Technicals

Tell us what you think of this feature