Trading Strategy for August 10, 2000

Sensex: The rise in the sensex was halted close to its previous resistance of 4380 points. This level would act as a hurdle for the index. It has an immediate support at 4160.

Himachal: The stock has crossed its major resistances and has closed above them. It has made a minor base at Rs 1420 which can be used as a stop loss for short-term long positions. On the upper side next hurdle lies at Rs 1525.

Satyam: The stock took resistance at its previous level of Rs 525. This level would act as a major resistance for the stock. On the lower side it has an immediate support at Rs 460 and therafter at Rs 425.

Infosys: The stock has made fresh resistance at Rs 7800, which would act as a minor resistance and the outlook will improve above this level. On the lower side it has a minor support at Rs 7300.

DSQ Software: The stock has closed near its major resisitance level of Rs 660. It has a minor suppport at Rs 620 and therafter at Rs 570. The stock has already rallied more than 30 percent and the upside from these levels appears restricted.

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