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February 7, 2001
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Money > Stocks > Technicals > Daily technicals February 7, 2001 |
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Trading strategy for February 8, 2001BSE Sensex: The Sensex could not cross its immediate barrier of 4405 points. It has also broken its first support of 4360 points and has closed on a weak note. The next major support lies at 4240 points. Satyam: The stock has broken a strong support level of Rs 390 and has closed on a weak note. The next support for the stock is at Rs 360. It has an immediate resistance at Rs 397. IPCL: The stock has good support at Rs 75, which should be used as a stop loss for long positions. The counter is likely to accelerate above Rs 80. On the whole, the outlook is extremely positive. Reliance Petro: The stock has crossed another major resistance level and has closed on a strong note. Long positions can be taken at these levels with Rs 64 as a stop loss. ACC: The stock has crossed an immediate barrier of Rs 186. It has good support at Rs 184. On the upper side, it is likely to face minor resistance at Rs 194. Arc Investments & Consulting
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