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

Trading strategy for March 13, 2000

NIIT: The stock has crossed its first major resistance and looks attractive. It has an immediate support at Rs 2400. The uptrend will gather momentum above Rs 2610. Next resistance for the stock is at Rs 2800.

Global Tele: The stock has crossed its first resistance, but has failed to sustain. The stock has an immediate resistance at Rs 3300. On the lower side, the stock has an immediate support at Rs 2930. Rally is likely to accelerate only above Rs 3250.

HFCL: Himachal Futuristic has broken its short-term support and has closed below it. The base is at Rs 2034, which is very important. On the upper side, the stock has an immediate resistance at Rs 2250 and then at Rs 2500. Long positions are advisable only above these levels.

BSES: The stock has shown a sharp drop in the last four trading sessions. It has a good base at Rs 260. Below this, the next support exits at Rs 200. On the upper side, the first resistance exits at Rs 295 and long positions are advisable only above this level.

Satyam Computer: The stock has posted a lower top and has its immediate support at Rs 6040. On the upper side, it has a strong resistance at Rs 7000 and long positions should be taken once these levels are crossed.

ICICI: The stock has posted double minor tops at Rs 165 and long positions should be taken only once these levels are crossed. On the lower side, it has a minor support at Rs 150. Below this level, the next base is at Rs 140.

By Arc Investments & Consulting

Stocks

Tell us what you think of this feature