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Trading strategy for March 30, 2000

Global Tele: After a minor correction, the stock made an immediate comeback but could not sustain at higher levels. It has an immediate support of Rs 2570 and thereafter has no major supports till Rs 2060. On the upper side, it has a resistance at Rs 2750.

Silverline: A volatile move was witnessed on Wednesday, and it moved in the range of Rs 925 and Rs 970. These two points are immediate support and resistance levels. On the down side, the next base is at around Rs 900.

Zee Telefilms: The stock is in a corrective phase to its previous rally, and has made a small base at Rs 1025. On the upper side, an immediate resistance exists at Rs 1085 above which long positions can be taken. The next resistance for the stock is at Rs 1140.

HCL Infosys: The stock made an attempt to show a rally but faced strong resistance at around Rs 665. If this level is crossed, one can take a long position. The immediate support for the stock lies at Rs 625.

Satyam Computer: Satyam Computer has made a resistance at Rs 5400 above which one can take long position. On the downside, it has a good base at Rs 4800 which can be used as a reference point for all long positions.

ICICI: It has managed to cross its short-term resistance levels which is a good sign. The immediate support for the stock exists at Rs 138 whereas the next base is at Rs 130. On the upper side, the outlook would brighten above Rs 146.

Stocks

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