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Money > Stocks > Technicals > Daily Technicals September 28, 2000 |
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Trading strategy for September 29, 2000BSE Sensex: The market remained volatile and the level of 4200 still remains a major resistance. On the lower side, the Sensex has not broken its support of 4030 points. In software stocks, today's lows and highs would serve as strong reference points. These stocks have made a pattern such that the move on the lower side may last longer. Satyam: The stock has made a strong resistance at Rs 495 and the outlook is likely to deteriorate below Rs 470. The next support for the stock is at Rs 455. Silverline: This stock has made a strong resistance at Rs 382. On the lower side, it has an immediate support at Rs 355. The next support is at Rs 345. Infosys: The stock has made a double top at Rs 7600, which would act as a major resistance level. On the lower side, it has an immediate support at Rs 7265 and then at Rs 7000. NIIT: The stock has its last medium term support at Rs 1400, below which the outlook will worsen. On the upper side, the level of Rs 1600 would serve as a major resistance.
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