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Trading strategy for February 16, 2000

Satyam Computer: It has touched a new high and appears strong. The first support for the stock is at Rs 3800 which can be used as a stop loss. For extremely short-term players, the level of Rs 3900 can be used as a stop loss.

Himachal Futuristic: It has also touched a new peak and is likely to advance further. The stock has an immediate base at Rs 1320 which can be used as a reference point for an exit. The last support for the stock exists at Rs 1260.

Zee Telefilms: Zee is yet to break any important base. The level of Rs 1300 can be used as a reference point for an exit.

Global Tele: It has an immediate support at Rs 1220. The next and very important base is at Rs 1760 which can be used for all long positions. On the upper side, it has a minor resistance at Rs 1940 above which one can take a fresh long position.

DSQ Software: DSQ continues to remain strong. The immediate supports for the stock are at Rs 1480 and Rs 1440. The last base exits at Rs 1380.

ITC: It has done very well and is likely to advance further. The first base for the stock is at Rs 965. The next support is at Rs 920 which can be used as an exit point from all long positions.

By Arc Investments & Consulting

Stocks

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