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Trading strategy for May 11, 2000

Zee Telefilms: The stock did not cross its major resistance of Rs 730 and is all set to break its final bottom of Rs 600. The next base after this level is very far. On the upper side, unless the stock crosses the level of Rs 730, no long positions are advisable.

Himachal Futuristic: The stock has broken its first support on intra-day basis and the last major support is at Rs 950. Below this there are no genuine support. On the upper side, it has a major resistance at Rs 1100 and the position will improve only above this level.

Global Tele: This stock has closed below its major support of Rs 1250. It has a major resistance at Rs 1400 and immediate resistance lies at Rs 1320. On the down side, there is no support in sight.

Silverline: The stock has posted a double top at Rs 460. The position of the stock will improve only above this level. First major support lies at Rs 365 and the position will deteriorate below this level.

Pentamedia Graphics: This stock too has posted a double top at Rs 660. The stock has an immediate support of Rs 580 and below which the last support lies at Rs 540. On the upper side, unless the level of Rs 660 is crossed, no long positions should be initiated.

SSI: The stock has closed on an extremely weak note close to its major support of Rs 2900. Below this, the last support lies at around Rs 2400 levels. On the upper side, it has a major resistance at Rs 3400 and unless this is crossed no long position should be taken.

Arc Investments & Consulting

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