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August 22, 2000 		Feedback  
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Trading Strategy for August 23, 2000

Sensex: The Sensex has made a fresh resistance at 4480. This would act as a barrier in the short term. On the lower side immediate support is at 4380 points.

Infosys: The stock has made fresh resistance at Rs 8400. Its immediate base lies at Rs 8250. After this the next support lies at Rs 7940.

SSI: The stock has made strong resistance at Rs 2600. It has a firm support at Rs 2500, which can be used as a stop loss for short term long positions. Below this the next major support is at Rs 2200.

Sterlite: The stock has strong resistance at Rs 785. The upside for this stock appears limited. On the lower side it has an immediate support at Rs 760 and thereafter at Rs 740. These levels can be used as stop loss for short term long positions.

Silverline: The stock has a strong support at Rs 390 below which the short term outlook is likely to turn negative. On the upper side it has an immediate barrier at Rs 415.

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