Trading Strategy for August 17, 2000

Sensex: The Sensex posted a handsome gain and the major push came from the technology stocks. The sensex will continue to have a resistance at 4380 points and major base lies at 4140 points.

Satyam: The stock is yet to cross its major resisitance of Rs 525 and the outlook will further improve above this level. On the lower side, it has an immediate support at Rs 498 which can be used as a stop loss for short term long positions. Major base lies at Rs 450.

Himachal: The stock has crossed its major resistance level and has closed above it. Next resistance lies at Rs 1670 levels. On the lower side, it has an immediate support at Rs 1510 and thereafter at Rs 1490. Major base lies at Rs 1395.

Silverline: The stock has managed to cross its first resistance and has closed above it. Further, it has an immediate resistance at Rs 370 levels. On the lower side, it has an immediate support at Rs 330 and major base lies at Rs 295.

Sun Pharma: The stock has crossed major its resistance and has closed above it. It has made a major base at Rs 580 which can be used as a stop loss for all long positions.

Arc Investments & Consulting

Money

Daily Technicals

Tell us what you think of this feature