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Trading strategy for November 9, 2000

BSE Sensex: The Sensex has breached its immediate resistance of 4003. Now the significance of the 3900 level has increased and this level could be taken as a medium term reference point.

Zee Tele: The stock has broken its previous base of Rs 320 and has closed on a negative note. There is a major resistance at Rs 332. The next support is at Rs 300 and thereafter at Rs 280.

Digital Equipment: The stock has major resistance at Rs 525 and the short-term outlook could improve above this level. On the lower side it has immediate support at Rs 502.

ITC: The stock has broken its major support of Rs 800. The short-term outlook has turned negative. The next major base lies at Rs 740. On the upper side it has a major hurdle at Rs 830.

Cadbury: After a long period, the stock has broken a medium term support when it closed below Rs 580. On the upper side, Rs 620 and Rs 660 would act as major hurdles.

Arc Investment & Consulting

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