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

Trading strategy for March 8, 2000

Pentamedia: The stock has managed to cross its short-term resistance levels and appears promising. One can add fresh long position above Rs 1960. The stock has minor support at Rs 1900, and a good base at Rs 1740.

SSI: The stock has made a good base at Rs 6350, and appears strong. On the upper side, it has resistance at Rs 7200.

MTNL: The stock has been forming higher bottoms, and is above its short-term resistance levels. The stock has made a good base at Rs 325 which can be used as a stop loss for long positions.

Zee Telfilms: The stock showed a fall on Tuesday but is yet to break its important base of Rs 1440 which can be used as a reference point for long position. The next major base for the stock exists at Rs 1300. On the upper side, the stock has a strong resistance at Rs 1560.

Silverline: The stock has done well in the recent past, and the outlook appears positive. The stock has an immediate support at Rs 1250 which can be used as stop loss. On the upper side, the stock has resistance at Rs 1370.

Digital Equipment: The stock has failed to show good performance in the recent past and the outlook remains negative. The immediate resistance for the stock is at Rs 1250. The resistance thereafter exits at Rs 1300, and Rs 1400 respectively.

By Arc Investments & Consulting

Stocks

Tell us what you think of this feature