Trading Strategy for September 14, 2000

BSE Sensex: The index is close to its immediate support of 4680 points and the next support is at Rs 4550. On the upper side, there is a strong resistance at 4780 points.

Zee Tele: The stock has displayed extreme volatility in the past few trading sessions. It has made a strong resistance at Rs 570, which would act as an immediate barrier. On the lower side, major support lies at Rs 530 below which the short term outlook would turn negative. The next support is at Rs 505.

Satyam Computer: The stock has broken an important support of Rs 605 and has closed on a negative note. Further support lies at Rs 550. On the upper side, there is a major barrier at Rs 625.

Pentamedia: This stock too has broken an important support of Rs 500 and has closed below it. The next major support lies at Rs 450. On the upper side, there is immediate resistance at Rs 512 and a major barrier is at Rs 525.

Larsen & Toubro: The stock broke a major support of Rs 200 and has closed on an extremely weak note. It has a minor support at Rs 194 below which the outlook will become more negative. On the upper side, it has an immediate resistance at Rs 199 and a major barrier lies at Rs 210.

Arc Investments & Consulting

Money

Daily Technicals

Tell us what you think of this feature