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

Trading strategy for May 18, 2000

ITC: The stock has posted a double top at Rs 635 which would act as an immediate resistance. Immediate support lies at Rs 610 which can be used as a stop loss. Below this, it has a minor support at Rs 570.

Himachal Futuristic: The stock has closed on an extremely weak note and is likely to deteriorate further below Rs 645. There are no immediate reference points below this level.

Satyam Computer: The stock did not cross major resistance of Rs 3400 and has closed on a weak note. It has an immediate resistance at Rs 3200. On the lower side, immediate support lies at Rs 2500.

DSQ Software: The stock has posted a double top at Rs 660 which can be taken as a reference point. Above this, the next resistance is at Rs 760 and thereafter major barrier lies at Rs 880. On the lower side, it has a minor support at Rs 560.

BHEL: The stock has a strong resistance at Rs 109, and the last hurdle exists at Rs 116. On the down side, the next base for the stock is at Rs 98, and below this, the position would weaken further.

Arc Investments & Consulting

Stocks

Tell us what you think of this feature