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Trading strategy for June 26, 2000

BSE Sensex: The Sensex has failed to cross its immediate resistance of 4900 and has posted a lower top. It has an immediate resistance at Rs 4820 and the outlook is likely to improve only after this level is crossed. The next support lies at 4550.

Himachal: The stock has broken an important support level and has closed below it. On the upper side, the first resistance is at Rs 1600 and thereafter at Rs 1700. On the lower side, it has a minor support at Rs 1450 and then at Rs 1250.

Satyam Computer: The stock has closed near its last support level of Rs 2900. Below this, the outlook is likely to deteriorate further. On the upper side immediate resistance lies at Rs 3200 and thereafter at Rs 3500.

Global Tele: This stock has also broken an important support level of Rs 1450 and has closed below it. Immediate resistance lies at Rs 1500 and thereafter at Rs 1550. Next supports are at Rs 1320 and Rs 1200.

DSQ Software: The stock has broken its first support of Rs 1020 and has closed below it. It has a minor support at Rs 960 and then at Rs 860. On the upper side it has an immediate resistance at Rs 1080 and at Rs 1140.

Arc Investments & Consulting

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