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Home > Money > Stocks > Technicals > Daily technicals
December 19, 2000 		Feedback  
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Trading strategy for December 20, 2000

Sensex: The level of 4200 will serve as a short-term resistance. Immediate support lies at 4100 points.

Global Tele: The stock has an immediate resistance at Rs 1040. On the lower side it has a base at Rs 980, below which the outlook for the stock turns negative.

ITC: It has a good resistance at Rs 930. One can take a long positions above this level with a stop loss of Rs 910. Major base for the stock is at Rs 885.

Bhel: The stock has a good base at Rs 155, below which the short-term outlook could turn negative. On the upper side the stock will face resistance at Rs 173.

L&T: The stock has made a double top at Rs 216, which would act as a strong short-term resistance. Next base for the stock is at Rs 200.

Arc Investment & Consulting

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Daily Technicals

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