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Trading strategy for April 18, 2000

HLL: This stock has shown a bounce from its medium support level which is at Rs 2400. Unless this level is broken, the short-term outlook will not weaken. On the upper side, major resistance is at Rs 2850.

Tisco: It has managed to show a sharp rally, and crossed its short-term resistance. It has a good base at Rs 110 which can be used as a stop loss for long position. On the upper side, the first resistance is at Rs 120 and and next hurdle is at Rs 126.

ACC: This stock was the strongest on Monday. It has crossed its medium term resistance. Immediate support for the stock exists at Rs 151 whereas the next base is at Rs 144. On the upper side, strong resistance is at Rs 175.

Telco: The stock has once again taken a support at Rs 120 which is a very good base. With this as a reference points, one can take positions. Immediate resistance is at Rs 136, and the next hurdle is at Rs 146.

Grasim: This stock crossed its immediate resistance on Monday. It has a good base at Rs 340 which can be used as a stop loss for long position. On the upper side, the move is likely to accelerate above Rs 380.

Raymond: This stock has done reasonably well on Monday. The upmove is likely to gather momentum above Rs 68. On the down side, it has a good base at Rs 63.

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