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December 16, 2000 		Feedback  
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Trading strategy for December 18, 2000

Sensex: As expected the sensex has broken all short-term supports and has closed on a negative note. One can expect a sideways movement from here before the next trend is decided. However the sentiment will remain subdued. Minor hurdle lies at 4210.

ITC: The stock has crossed its resistance of Rs 930 and has closed on a reasonably strong note. Immediate support lies at Rs 905 and the stock has a major base at Rs 885.

ACC: The stock has an immedaite base at Rs 160 and the major support lies at Rs 152. Major resistance for the stock is at Rs 169.

Reliance: The stock is close to its immediate base of Rs 336. On the upper side it will face resistance at Rs 352.

ICICI: The stock has broken a major support of Rs 95 and has closed on a negative note. On can use the bounce in the stock as an opportunity to exit. The stock will face hurdle at Rs 102.

Arc Investment & Consulting

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Daily Technicals

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