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Trading strategy for February 28, 2000

Himachal Futuristic: The stock has remained firm in the last two trading sessions and is likely to maintain the current trend. Immediate support for the stock is at Rs 1620 and then at Rs 1580.

Global Tele: The stock is still very strong and has an immedaite support at Rs 2240. Below this the stock has a minor support at Rs 2150. On the upper side the stock has minor resistance at Rs 2405.

Digital Equipments: After a long time the stock has broken some medium term support levels and closed below it. On Monday, if the stock opens higher, Rs 1225 can be used as a stop loss for all long positions. After a long time the stock has broken some medium term support levels and closed below it. On Monday, if the stock opens higher, Rs 1225 can be used as a stop loss for all long positions.

Satyam Computers: The stock has not shown any weakness compared to the other software stocks. The stock has a good suoport at Rs 4850. Immediate resistance for the stock is at Rs 5410.

BSES: BSES has been showing sustained strength. The stock has an immediate support a Rs 292 and then at Rs 280. On the upper side it has a minor resistance at Rs 320.

HDFC: The stock has done well in the last three trading sessions. Immediate stop loss for the stock is at Rs 375. Stock has some major short term support at Rs 340.

By Arc Investments & Consulting

Stocks

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