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Money > Stocks > Technicals > Daily technicals February 15, 2001 |
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Trading strategy for February 16, 2001BSE Sensex: The index did cross yet another major hurdle of Rs 4440. The next hurdle is only at 4800 points. On the lower side it has an immediate support at 4320 points. Wipro: The stock has good support at Rs 2880. This level can be used as a stop loss for long positions. Major hurdle for the stock lies at Rs 3080. Himachal: The stock has a major hurdle at Rs 1020. This would serve as a stop loss for short positions. As such, the counter is in down trend and no long positions are recommended. The outlook for the stock will deteriorate below Rs 990 and thereafter below Rs 970. MTNL: The stock has an immediate support at Rs 178, which should be considered as a stop loss for long positions. On the upper side, it has a minor hurdle at Rs 192 and therafter major resistance lies at Rs 200. Tata Tea: The counter is in a medium term uptrend. The stock has an immediate hurdle at Rs 305. One can take long positions above this level, with a stop loss of Rs 295. Arc Investments & Consulting
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