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

Trading strategy for July 5, 2000

Sensex: The Sensex did come to its crucial level of 4900 points, but the force required to cross this level is absent. This can be attributed to highly mixed trend prevailing in the market. On the lower side, it has not broken any bottoms and has an immediate support at 4700 points and thereafter at 4600 points.

Satyam: The stock has managed to hold firm throught the day. It has an immediate support at Rs 3300 and thereafter at Rs 3100. On the upper side, immediate resistance lies at Rs 3500.

DSQ Software: The stock has crossed its major resistance and has closed above it. Next resistance exists at Rs 1140. On the lower side, it has an immediate support at Rs 1040 and thereafter at Rs 970.

Rolta: The stock has been moving in a sideways band in the last two trading sessions. It has an immediate resistance at Rs 353. One can take a long position once this level is decisively crossed. This can be done with a stop loss of Rs 340.

Global Tele: Unless the level of Rs 1400 is crossed, no long positions are advisable. The stock has a last support at Rs 1290, below which the outlook will turn negative.

Arc Investments & Consulting

Daily Technicals

Tell us what you think of this feature