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Trading strategy for February 17, 2000

Himachal Futuristic: Himachal is yet to break its support level of Rs 1320. Below this, the short-term position would become weak and this level can be used as a stop loss for all long positions.

Satyam Computer: It looks strong and has an immediate support at Rs 3955. The next support level for the stock is at Rs 3900. The rally is likely to accelerate above Rs 4050.

DSQ Software: This stock is extremely bullish. First support for the stock is at Rs 1580 and the next support is at Rs 1530. Long positions can be taken with these stop losses as reference points.

HCL Infosystems: It has been gaining strength. The stock looks very good and long positions can be taken with a stop loss of Rs 855.

SBI: It has shown signs of weakness. The stock has its first resistance at Rs 256. It has a minor support at Rs 240. Below this, the fall is likely to gather momentum.

ICICI Bank: It has touched a new high today after moving in a band for few days. The stock looks extremely bullish. One can take a long position with a stop loss of Rs 168.

By Arc Investments & Consulting

Stocks

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