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Trading strategy for June 14, 2000

BSE Sensex: Today's low of 4555 should be the reference point for long positions. On the upper side, it has a minor resistance at 4712 and a major barrier lies at 4800. On the lower side, the next base is at 4500.

Sterlite: The stock has crossed its first resistance level of Rs 700 and has closed on a strong note. It has closed near its major resistance levels of Rs 750. The stock is likely to accelerate once this level is crossed decisively. On the lower side, it has an immediate support at Rs 698 and thereafter at Rs 675.

Himachal: The stock has closed on a strong note above its first major resistance of Rs 1370. Next resistance lies at Rs 1500 levels. On the lower side, it has an immediate support at Rs 1335 and thereafter at Rs 1240.

DSQ Software: The stock has crossed its first minor resistance of Rs 870 and has closed above it. It has a major resistance at Rs 915 and the next barrier is at Rs 980. On the lower side, immediate supports are at Rs 880 and thereafter at Rs 845.

SSI: The stock has crossed two minor tops and has closed on the upper 8 per cent circuit. Last hurdle lies at Rs 3000 levels and thereafter the uptrened is likely to accelerate. On the lower side, it has an immediate support at Rs 2600 and then at Rs 2500.

ICICI: The stock has made a major base at Rs 125 levels which can be used as a stop loss for all long positions. The stock is above its first top and has closed on a strong note. The rally is likely to accelerate above Rs 136.

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