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Money > Daily Technicals July 26, 2000 |
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Trading Strategy for July 27, 2000Sensex: The Sensex failed to sustain the rally witnessed on Tuesday. It appears that it may touch its recent bottom of 4052 points. The immediate resistance is at 4380 points and long positions should be avoided at this juncture. Himachal: This stock took a support at Rs 1140 and in the process made a minor double bottom. The outlook will turn bearish below this level. On the upper side, it has a strong resistance at Rs 1250. Reliance: This stock has formed a strong resistance at Rs 338. On the downside, the outlook will further weaken below Rs 320. DSQ Soft: Like other software stocks DSQ too did poorly. It has made a strong resistance at Rs 690 and unless this level is crossed, the short-term outlook appears negative. ACC: This stock has made a strong resistance at Rs 119 and has a minor support at Rs 106. Below this level the outlook will weaken further.
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