Trading Strategy for August 28, 2000

Sensex: The Sensex failed to cross its major resistance of 4500 points and has closed below its major support of 4420 points. The next support for the index lies at 4380 points.

Satyam: The stock failed to sustain at higher levels. However, it has not broken its support of Rs 550. Below this level, the next support lies at Rs 490.

Wipro: The stock is yet to break any major support levels. It has its first support at Rs 3040 and thereafter at Rs 2850. On the upper side, it has an immediate resistance at Rs 3160.

Sterlite: The stock has crossed a major hurdle of Rs 780 and has closed above this. The first support for the stock lies at Rs 775 and a major base lies at Rs 745.

Infosys: The stock failed to cross its major resistance of Rs 8300 which would serve as an immediate barrier. On the lower side, the stock has broken its first support of Rs 8160 and thereafter a major support lies at Rs 8000.

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