Books
Columnists
Indian Tax
Insurance
Interview
Mutual Funds
NRI Tax
Personal Finance
Personal Banking
Real Estate
Stocks

Trading strategy for June 28, 2000

Sensex: Sensex has posted yet another lower top at 4732 points and this can be treated as an immediate resistance. Next resisitance at 4820 points also. Immediate support exists at 4600 points and then at 4550 points. The outlook at this stage is not very encouraging.

Satyam Computer: The stock has posted a lower top and Rs 2750 is the last support level below which the fall is likely to accelerate. Immediate resistance is at Rs 3000 and only once this is crossed the position is likely to improve.

Himachal: This counter has also posted a lower top and has fallen sharply. Immediate resistance lies at Rs 1550 and thereafter at Rs 1600. On the lower side it has an immediate support at Rs 1400. Thereafter, the support exists at Rs 1250.

Wipro: This stock has failed to cross its resisitance of Rs 3050 and for now the outlook will improve only once it crosses its resistance of Rs 2980. The stock has its next support only at Rs 2500.

Infosys: For this stock Rs 8300 is the reference point and the outlook will improve only once this level is crossed decisively. On the lower side, the next support lies only at Rs 7900. This can be taken as a reference point for all long positions.

Arc Investments & Consulting

Daily Technicals

Tell us what you think of this feature