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Thursday, July 15, 1999

A technical view of Sensex scrips 

Deepak Singh Tanwar  
With the Sensex touching an all-time high of 4710, its important to look at the outlook for the 30 scrips in the index. Presented below is a technical view point of the Sensex scrips.

HLL: Outlook positive. It has a support at Rs 2,371.

ITC: It is weak. Has a major resistance at Rs 1,120

Reliance: Outlook positive. Has a support at Rs 188

SBI: Has support at Rs 252. Looks attractive.

Infosys: Extremely bullish. Support exits at Rs 3,622

MTNL: Bullish; support is at Rs 181

NIIT: Extremely bullish. Final support at Rs 2,050

Ranbaxy: Looks promising. Support at Rs 673.

Bhel: Strong; has good support at Rs 262.

Telco: Appears positive. Has support at Rs 273.

Hindalco: Had a dream run. Has support at Rs 627.

Bajaj Auto: Weak but has support at Rs 503.

Tisco: An explosive one with support at Rs 160.

HPCL: Appears healthy with stop loss of Rs 248.

Castrol: Weak. Has resistance at Rs 452.

Nestle: Looks positive. Enjoys support at Rs 523.

Glaxo: Looks decent with a base of Rs690.

ICICI: Promising with a stop loss of Rs 73.

Colgate: Had a dream run. Has good support at Rs 273.

ACC: Extremely bullish. Enjoys support at Rs 205.

M&M: Encouraging with support at Rs 251.

Novartis: Positive with support at Rs 881.

IDBI: Looks attractive. Has good base at Rs 30.

Gujarat Ambuja: Promising. Should not dip below Rs 300.

Grasim: Had a dream run. Support exits at Rs 270.

BSES: Attractive with a base of Rs 146.

Indian Hotels: Positive. Enjoys support at Rs 338.

Tata Chemicals is bullish. Has good support at Rs 79.

Copyright © 1999 Indian Express Newspapers (Bombay) Ltd.


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