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Trading strategy for June 9, 2000

Reliance: The stock has consolidated well in the range of Rs 335-345. Any move either side of the range would determine the direction. A move on the upper side is more likely.

Infosys: This stock has also made a strong base at Rs 7700, and an upmove is likely to accelerate above Rs 8000. A minor base also exists at Rs 7800.

SSI: It has a good base at Rs 2700 which can be considered as a stop loss for long positions. On the upper side, the move is likely to accelerate above Rs 2900.

Satyam Computer: It showed a smart recovery from a low of Rs 3100 which is a good indication. This level can be considered as stop loss for long position. On the upper side it has a minor resistance at Rs 3500.

DSQ Software: For this counter, the base exists at Rs 990 which can be used as a reference point for long positions. On the upper side, the upmove may accelerate above Rs 1040.

Arc Investments & Consulting

Daily Technicals

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