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July 29, 2000
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Money > Daily Technicals July 29, 2000 |
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Trading Strategy for July 31, 2000Sensex: The Sensex remained in a narrow range on Friday. The level of 4100 points will continue to act as a minor support and on the upper side, the first hurdle is at 4375 points. Himachal: In the last two trading sessions, the stock has shown a smart rally. The outlook for the stock will be bullish above Rs 1520. It has a major base at Rs 1140. Global Tele: This stock has also shown a smart rally in the last two days. It has a strong resistance at Rs 1300. On the downside, it has a strong base at Rs 890. Silverline: The close has been weak for the stock which is close to its short-term support of Rs 335. The outlook will improve only above Rs 375 and the next resistance exists at Rs 390. Digital Equipment: This stock has formed a double top at Rs 476 which has become a strong resistance. On the downside, it has a support at Rs 420 and the outlook will weaken further below this level.
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