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Trading strategy for February 25, 2000

Zee Telefilms: After one round of selling, the stock has once again shown strength. Long positions can be taken with Rs 1477 as a stop loss. Next support for the stock is at Rs 1440.

Satyam Computer: The stock is yet to break its major support levels and appears promising at the current price. Immediate support for the stock is at Rs 5080. The next and major support for the stock is at Rs 4800.

Pentamedia (Pentafour Software): The stock has shown weaknesss in the last two trading sessions. Immediate resistance for the stock is at Rs 2150. The stock has some major support at Rs 1800. One can take positions keeping these levels as reference points.

Himachal Futuristic: The stock has been strong throughout the day. Immediate support for the stock lies at Rs 1500. The stock has major support at Rs 1380. On the upper side the stock has a minor resistance at Rs 1580.

Reliance Capital: Reliance Capital has crossed its short term resistances and is ready for a new rally. For all long positions, use Rs 210 as a stop loss.

Sun Pharma: The stock has managed to cross its major resistance and is scaling new highs. Immediate support for the stock is at Rs 2650. The stock has some major support at Rs 2500.

By Arc Investments & Consulting

Stocks

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