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Money > Stocks > Technicals > Daily technicals February 26, 2001 |
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Trading strategy for February 27, 2001BSE Sensex: After such a sharp fall, there was hardly any trace of a bounce. The sentiment continues to be bearish and the corrective rally, if at all witnessed, could come in the form of a sideways movement. Immediate hurdle lies at 4140 points, whereas 4300 continues to be a major barrier. Next major support lies at 4006 points. Digital: The stock has made a good base at Rs 650. This can be used as a stop loss for all long positions. Major resistance lies at Rs 750. NIIT: The stock has its last base at Rs 1150, below which the outlook will further turn bearish. Next major support lies only at Rs 800. On the upper side major hurdle lies at Rs 1500. VSNL: The stock continues to be in an uptrend and has yet to break any medium term support. It has a major base at Rs 320. Medium term outlook in the stock is likely to deteriorate below this level. On the upper side, it has an immeidate hurdle at Rs 360 and thereafter at Rs 400. ICICI: The stock took support close to its major base of Rs 85. This can be used as a reference point for all long positions. On the upper side it has an immediate hurdle at Rs 105 and therefter at Rs 115. Arc Investments & Consulting
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