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
January 2, 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

E-Mail this report to a friend

Trading Strategy for January 3, 2001

Sensex: Thanks to the last one-hour rally, the sensex has moved above its first hurdle of 4020 points. The next resistance for the Sensex lies at around 4100 points. It has a strong support at Rs 3930 points.

Wipro: The stock has made a good base at Rs 2350 which should be considered as stop loss point for long positions. After the level of Rs 2455, the next resistance exists at Rs 2550.

ACC: The stock has a base at Rs 162 which should be considered stop loss for long positions. It has a resistance at around Rs 180.

Ranbaxy: The stock has made a strong resistance at Rs 687 and unless this level is crossed, the position may not improve. Minor base exists at Rs 645.

Tisco: The stock is above its short-term resistance levels. The level of Rs 132 should be used as stop loss.

Arc Investment & Consulting

Money

Daily technicals

Tell us what you think of this report