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October 6, 2000
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Money > Stocks > Technicals > Daily Technicals October 6, 2000 |
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Trading strategy for October 9, 2000BSE Sensex: The level of 4200 points remains a strong resistance level. The index has taken support at 4030 points below which the outlook will turn negative. Himachal: The stock has broken all short term support levels. On the upper side it has an immediate resistance at Rs 1340 and the outlook will weaken further below Rs 1225. SSI: The stock has taken support at its last support level of Rs 2240, below which the outlook will weaken further. On the upper side it has an immediate resistance at Rs 2480. DSQ Software: This stock has broken its last support of Rs 500 and has turned negative. On the upper side it has major resistance at Rs 540 and the outlook will deteriorate further if it breaks Rs 480. Reliance: The stock has its medium term support level at Rs 335. This level can be used as a stop loss for medium term investtors. On the upper side it faces immediate resistance at Rs 350 and a major hurdle at Rs 390. Arc Investments & Consulting
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