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February 5, 2001
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Money > Stocks > Technicals > Daily technicals February 5, 2001 |
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Trading strategy for February 6, 2001BSE Sensex: The index has made a resistance at 4400 points and its position will improve further above this level. The level of 4340 points should be considered as the first reference point long positions. Wipro: Despite a weak trend for tech stocks, this counter has managed to remain firm for a major part of the day. The uptrend will gather momentum above Rs 2860. The level of Rs 2750 should be considered as stop loss for long positions. SSI: This counter also managed to remain relatively firm. Its position will improve above Rs 1500, and the next hurdle lies at Rs 1570. The level of Rs 1455 is an immediate base. Sterlite Optical: The stock has made a base at Rs 755, which should be used as stop loss for long positions. The first hurdle for the counter is at Rs 805. DSQ Software: It has a base at Rs 395 and the outlook will improve dramatically above Rs 430. Arc Investments & Consulting
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