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Trading strategy for February 29, 2000

Please note that on Budget day, technical analysis has little meaning. Hence, we are providing only the support and resistance levels of some key stocks.

Satyam Computer: The stock has been one of the strongest among software stocks. It has an immediate support at Rs 4800. On the upper side it has a resistance at Rs 5400.

Himachal: The stock is yet to show signs of weakness and the outlook remains positive. The immediate support for the stock is at Rs 1620.

Digital Equipment: The stock has crossed its first resistance which is a positive signal. Immediate suppports for the stock exist at Rs 1290 and Rs 1290.

ICICI: The stock is moving with the trend and the uptrend is likely to gather movementum. The stock has supports at Rs 164, Rs 160 and Rs 152.

Dr. Reddy's Lab: The stock is mainly with the trend and appears very strong. The immediate support is at Rs 1600. The next support is at Rs 1520. On the upper side, it will not face any major hurdle.

By Arc Investments & Consulting

Stocks

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