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January 18, 2001
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Money > Stocks > Technicals > Daily technicals January 18, 2001 |
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Trading strategy for January 19, 2001BSE Sensex: With help from Infosys, L&T and Satyam, the index continued its uptrend on Thursday. The level of 4220 points will be the first major hurdle. The level of 4010 points is an important support level. Wipro: The stock has moved above its first resistance of Rs 2600. The next major hurdle for the counter exists at Rs 2820. On the downside, Rs 2475 is an important support. Digital Equipment: The stock has made a good base at Rs 515 below which the outlook will turn bearish. The level of Rs 555 will remain an important resistance for the counter. Grasim: The stock is above all medium-term hurdles and the outlook remains positive. The level of Rs 308 can be used as stop loss for long positions. Reliance: This counter is above its short-term resistance levels and appears on a firm wicket. The level of Rs 361 can be used as stop-loss for long positions. The uptrend will gather momentum above Rs 370. Arc Investments & Consulting
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