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Money > Stocks > Technicals > Daily technicals April 10, 2001 |
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Trading strategy for April 10, 2001BSE Sensex: The outlook continues to remain bearish and will further deteriorate below 3500 points. On the upper side, it has its first hurdle at 3660 and thereafter at 3810 points. Infosys: The stock has a good base at Rs 3800, below which the outlook will further deteriorate. On the upper side, Rs 4210 would act as the first hurdle. SSI: This stock too has a major base at Rs 580, below which the outlook will turn negative. It is likely to face a hurdle at Rs 660. Grasim: The stock is approaching its resistance of Rs 295 and long positions should be taken with due caution. On the lower side, it has an immediate support at Rs 265. HLL: The stock has broken its first support of Rs 218 and has closed below it. Next support for the stock lies at Rs 208, below which the outlook will turn negative. On the upper side, it will face resistance at Rs 224. Arc Investments & Consulting |