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Home > Money > Stocks > Technicals > Daily technicals
December 27, 2000 		Feedback  
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Trading strategy for December 28, 2000

Sensex: As expected, the Sensex managed to show a bounce. Immediate support for the Sensex exists at 3840 points and the next base is at around 3800 points. On the upper side, strong resistance is expected at around 4000 points.

Himachal: The stock showed a corrective move. It has an immediate support at Rs 1150 which should be considered as stop loss for long positions. Strong resistance is at around Rs 1300.

Pentamedia: Along with the market Pentamedia has also shown higher bottoms in its intra-day chart. The level of Rs 285 should be considered as stop loss for long positions. The first resistance is at around Rs 300. Strong hurdle exists at around Rs 325.

Grasim: Grasim has formed a higher bottom at Rs 270 which should be considered as stop loss for long position. It has a resistance at around Rs 285.

Tata Tea: The stock has a support at Rs 210 below which the outlook will weaken drastically. It has an hurdle at around Rs 226.

Arc Investment & Consulting

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Daily Technicals

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