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October 28, 2000
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Money > Stocks > Technicals > Daily Technicals October 28, 2000 |
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Trading strategy for October 30, 2000Sensex: Old economy stocks affected the Sensex on Friday. The level of 3780 points continues to be a strong resistance, whereas the level of 3585 should be considered as the first support. Satyam: The stock failed to perform and is below its short-term supports. The next base for the stock is at Rs 290. Immediate resistance for the stock is at Rs 350 whereas the next hurdle for the stock is at Rs 370. Silverline: The stock remained firm throughout the day on Friday. The level of Rs 315 can be used as stop loss for long position. The next major hurdle for the stock is at around Rs 345. Aptech: The stock showed a smart recovery. The level of Rs 420 cab be used as a stop loss for long positions. It has a major hurdle at around Rs 475. ACC: The stock has a good base at Rs 87, and the next support is at Rs 84. The outlook is likely to improve above Rs 95. Arc Investments & Consulting
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