Rediff Logo
Money
Line
Channels: Astrology | Broadband | Chat | Contests | E-cards | Money | Movies | Romance | Search | Weather | Wedding
                 Women
Partner Channels: Auctions | Auto | Bill Pay | Jobs | Lifestyle | TechJobs | Technology | Travel
Line
Home > Money > Stocks > Technicals > Daily technicals
April 14, 2001
Feedback  
  Money Matters

 -  Business Special
 -  Business Headlines
 -  Corporate Headlines
 -  Columns
 -  IPO Center
 -  Message Boards
 -  Mutual Funds
 -  Personal Finance
 -  Stocks
 -  Tutorials
 -  Search rediff

    
      



 
 Search the Internet
         Tips
 Sites: Finance, Investment
E-Mail this report to a friend
Print this page

Trading strategy for April 16, 2001

BSE Sensex: The sensex continues to make new lows. It is likely to face a hurdle at 3260 and thereafter at 3375 points.

Tata Power: The stock has made a strong base at Rs 94. This could be used as another medium-term support for the stock. Short-term players can take long positions above Rs 105, with Rs 100 as a stop loss.

ACC: This stock has posted a higher bottom and Rs 120 should act as a good support level. The outlook is likely to improve above Rs 134.

Bhel: The bounce in the stock should be used as a chance to make an exit. The stock is likely to face a hurdle at Rs 136. The outlook will further deteriorate below Rs 120.

HPCL: The level of Rs 150 would act as a medium-term support for the stock, below which the outlook is likely to turn negative. The stock is likely to face a resistance at Rs 168.

Arc Investments & Consulting

Money

Daily technicals

Tell us what you think of this report