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Money > Stocks > Technicals > Daily technicals January 29, 2001 |
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Trading strategy for January 30, 2001
BSE Sensex: Since the undertone in the market is relatively strong, there is a chance that the gap in the Sensex could be filled in the next trading session. It has an immediate resistance at 4260 and then at 4340 points. SSI: The stock has a good base at Rs 1480, which could be used as a stop loss for short-term positions. On the upper side it has an immediate resistance at Rs 1560, above which the outlook is likely to improve substantially. Zee Tele: The stock has an immediate resistance at Rs 271, above which the short-term outlook is likely to improve. It has an immediate base at Rs 260. Tata Power: The stock has a good base at Rs 109. The counter is in a good uptrend and the outlook is likely to improve further. The immediate resistance is at Rs 115, and the rally will strengthen once it crosses this level. Nestle: The stock has made a medium-term reference point at Rs 465 for long positions. The stock is likely to gather momentum above Rs 560. Arc Investments & Consulting
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