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Trading strategy for June 20, 2000

Sensex: The Sensex has closed above its major resistance of 4800. Immediate support lies at 4715 and thereafter next support is at 4580.

Satyam Computer: The stock has closed on the day's low on a relatively weaker note. But if it crosses its immediate resistance of Rs 3500 the outlook will improve. One can take a long position above this level with a stop loss of Rs 3380.

Infosys: The stock is ruling close to its resistance of Rs 8700 and has an immediate support at Rs 8400. The next support exists at Rs 8200, below which the position will weaken.

Himachl Futuristic: The stock has crossed another major resistance of Rs 1600 and has closed near it. It has immediate support at Rs 1520 and a major base lies at Rs 1450. On the upper side, it has no resistance till Rs 2100.

Global Tele: The stock has closed on a weak note. Next support exists at Rs 1420 and thereafter it has a base at Rs 1300. Immediate hurdle exists at Rs 1550 and once this is crossed the outlook is likely to improve.

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