Trading Strategy for August 24, 2000

BSE Sensex: The index has made fresh resistance at 4500, which can be used as a strong reference point in the short term. On the upper side it has a minor support at 4430 points and thereafter at 4380 points.

Satyam Computer: The stock did manage to cross its resistance of Rs 565 but it could not sustain at higher levels. It has a major support at Rs 544 and thereafter the next major support is at Rs 490.

Silverline: The stock was unable to cross its major barrier of Rs 415 and has closed below its strong support of Rs 395. The next major support lies at Rs 350 levels.

DSQ Software: This stock too was unable to cross its major resistance of Rs 775 and fell drastically once it broke its strong support of Rs 750. The next major base for the stock lies at Rs 660.

Larsen & Toubro: The stock has taken resistance near its next barrier of Rs 216. It has an immediate support at Rs 206 and thereafter at Rs 200.

Arc Investments & Consulting

Money

Daily Technicals

Tell us what you think of this feature