Trading Strategy for September 6, 2000

Sensex: The sensex has been extremely rangebound and did not break its immediate support of 4560 points and neither did it cross its immediate barrier of 4620 points. On the lower side next major support lies at 4380 points.

DSQ Software: The stock has made a strong support at Rs 770 which can be used as a stop loss for long positions. On the upper side immediate hurdle lies at Rs 795 and thereafter at Rs 810. On the lower side it has a major support at Rs 700.

Pentamedia: The stock has a minor base at Rs 465, below which the next support lies only at Rs 440. On the upper side it has an immediate resistance at Rs 480 above which the outlook would improve.

Zee Tele: The stock has posted a double top in the intraday charts at Rs 557 which would act as a major resistance. On the lower side it has an immediate support at Rs 542 and thereafter at Rs 505.

ITC: The stock has a major support at Rs 755 below which the outlook is likely to turn negative. Immediate hurdle for the stock is at Rs 790.

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