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Money > Stocks > Technicals > Daily technicals February 19, 2001 |
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Trading strategy for February 20, 2001BSE Sensex: Level of 4300 points should be considered as a major reference point, below which the outlook is likely to turn negative. Sensex continues to face a hurdle at 4460 points. Digital: The stock has a major base at Rs 690, which should be used as a stop loss for all long positions. On the upper side, the outlook will further improve above Rs 725. As such the stock continues to be in an uptrend at this stage. Satyam: The stock has a good base at Rs 360, which should be used as a stop loss for long positions. On the upper side it has resistance at Rs 385. Mahindra & Mahindra: The stock has a medium term hurdle at Rs 180, above which the overall outlook in the counter shall improve. Medium term players can take long positions above this level with Rs 166 as a stop loss. ITC: The stock has a medium term support at Rs 770. This can be used as a stop loss for medium term players. On the upper side, it has an immediate hurdle at Rs 830, above which the outlook is likely to improve. Arc Investments & Consulting
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