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Trading strategy for May 23, 2000

Satyam Computer: The stock has closed on a weak note and the fall is likely to accelerate below Rs 2500. Thereafter the stock has no immediate supports. On the upper side, immediate resistance lies at Rs 2775 and thereafter at Rs 3000 levels.

Zee Tele: This stock too has closed on a bearish note near its last minor support of Rs 425. The fall is likely to accelerate below this level and there are no immediate supports visible. On the upper side, immediate resistance is at Rs 445 and thereafter at Rs 525.

SSI: The stock has broken all support levels and is heading for another fall as there are no supports in sight. On the upper side, immediate resistance lies at Rs 2160 and thereafter at Rs 2400.

Silverline: The stock has made a base at Rs 370 and the next base is at Rs 325. These levels can be used as reference points. On the upper side, immediate resistance lies at Rs 400, above which the stock is likely to gather momentum. It has further resistance at Rs 425 and then at Rs 460.

Global Tele: Unless the stock crosses Rs 1050 levels, no long positions are advisable. Immediate resistance lies at Rs 980. On the lower side, the last support for the stock exists at Rs 850. Below this level, the fall is likely to accelerate.

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