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October 16, 2000
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Money > Stocks > Technicals > Daily Technicals October 16, 2000 |
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Trading strategy for October 17, 2000Sensex: Barring a strong opening the performance during rest of the day was far from impressive. The level of 3900 points will continue to remain as an important resistance and the outlook will improve above this. Minor base is at 3714 points. Global Tele: Like other software stocks, Global Tele also reacted from the peak but the fall was not much. It has made a strong resistance at Rs 1180. On the lower side it has a good base at Rs 995. Satyam: It was the weakest stock on Monday. The stock dipped below Friday's low. The level of Rs 400 is an immediate and strong resistance. DSQ Soft: Like Satyam Comp, DSQ too dipped below its immediate support. The level of Rs 460 will act as a strong resistance. MTNL: The stock has posted higher bottoms. Immediate support for the stock is at Rs 132 and the support thereafter is at Rs 122. It has a resistance at around Rs 145. Arc Investments & Consulting
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