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Money > Stocks > Technicals > Daily technicals January 30, 2001 |
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Trading strategy for January 31, 2001
BSE Sensex: The Sensex has crossed yet another resistance, suggesting a strong broad-based rally in the market. It has an immediate support at 4200 points. The index is likely to make fresh resistance on its way up. Himachal: The stock has an immediate base at Rs 1220. It has an immediate hurdle at Rs 1270. One can take long positions above this level. Infosys: The stock has crossed a major barrier of Rs 6900 and has closed above it. It has an immediate support at Rs 6715 and a major base lies at Rs 6600. The overall outlook in the counter is positive. Tisco: The stock has crossed a major hurdle of Rs 133 and has closed above it. The outlook in this counter is extremely positive. It has an immediate base at Rs 127. MTNL: The stock has good resistance at Rs 200. One can take long positions once this level is crossed with a stop loss of Rs 194. It has a good base at Rs 188. Arc Investments & Consulting
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