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

Trading strategy for February 21, 2000

Himachal Futuristic: Himachal has done very well and is expected to rally further. The stock has an immediate support at Rs 1,420. Major support for the stock lies at Rs 1,320. One can take long positions at the current price with these levels as the reference point.

Zee Telefilms: Zee is still moving sideways and long positions are advisable only above Rs 1,400. The stock has support at Rs 1,350. The subsequent support levels are Rs 1,300 and Rs 1,200.

Pentamedia (Pentafour Software): Pentafour has crossed its short-term resistance and appears extremely strong. The short-term support for the stock is at Rs 1,920. The supports thereafter exist at Rs 1,810 and Rs 1,750 respectively.

Silverline: Silverline is still very strong. Levels of Rs 1,260 and Rs 1,160 can be used as reference points for all long positions.

Global Tele: Global is yet to show any weakness. The stock finds major support at Rs 1,820, which can be used as a stop loss.

ICICI: ICICI is yet to break the major support level of Rs 140. On the upper side the stock will gather momentum above Rs 158.

By Arc Investments & Consulting

Stocks

Tell us what you think of this feature