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Home > Money > Stocks > Technicals > Daily technicals
December 28, 2000 		Feedback  
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Trading strategy for December 29, 2000

Sensex: The corrective move continued on Thursday too. The first hurdle for the index is at around 4000 points the next resistance is at around 4100 points. The level of 3800 points is an important base.

Global Tele: The stock attracted selling pressure at higher levels. Immediate hurdle for the stock exists at Rs 825 whereas immediate support lies at Rs 770.

Dig Equipment: The stock continued its corrective rally and has come close to its first important resistance of Rs 485. The level of Rs 460 should be considered as stop loss for long positions.

Sterlite Opt: The stock remained firm for a major part, and has made a small base at Rs 750. The next support for the stock lies at Rs 720. The first resistance for the stock is at Rs 795.

Cipla: The stock has recovered sharply. As the move has been very sharp, it may form a higher bottom. Immediate hurdle is at around Rs 1020.

Arc Investment & Consulting

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Daily Technicals

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