Trading Strategy for September 25, 2000

BSE Sensex: As expected, the Sensex posted another big fall and has even breached its major support of 4140 points. The next major support lies at 3830 points.

Sterlite: This is the only counter among all the frontline stocks, which looks attractive on the upper side. The stock has an immediate support at Rs 1020 which can be treated as a major support. On the upper side, there is an immediate resistance at Rs 1140 and then at Rs 1210.

Satyam Computer: The stock has come near its major support level of Rs 420. On the upper side, it has an immediate hurdle at Rs 460 and thereafter at Rs 520.

DSQ Software: This stock has its next major support only at Rs 470. On the upper side, it has an immediate resistance at Rs 530 and then at Rs 620.

ACC: The stock has broken major support levels and is close to its last support of Rs 95. Once this is breached, the stock will enter into a fresh bear phase. On the lower side, there are no immediate supports and the next major support after Rs 95 is only at Rs 70. On the upper side, there is an immediate resistance at Rs 102 and at Rs 109.

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