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Trading strategy for May 29, 2000

SBI: The stock is ruling close to its previous resistance of Rs 192. On the lower side, it has an immediate support at Rs 182 and a minor support at Rs 176.

Digital Equipment: The stock has broken another major support level of Rs 600 and has closed below it. There are no major supports below this level and a minor support lies at Rs 500. On the upper side, it has an immediate resistance at Rs 602 and thereafter at Rs 660.

L&T: Immediate support for the stock is at Rs 175 and this level should be treated as a stop loss for long positions.

Reliance Petro: The stock is ruling weak below its major resistance level of Rs 50. Immediate resistance lies at Rs 47. Immediate support lies at Rs 45 and below this at Rs 43.

MTNL: The stock has made an immediate base at Rs 170 and its position is likely to deteriorate below this level. Immediate resistance is at Rs 180 and thereafter at Rs 190.

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