Trading Strategy for September 5, 2000

Sensex: The Sensex has an immediate support at 4565 points and thereafter major base lies at 4370 points. Though the major resistance on the upper side lies only at 5050 points, the sensex is likely to make fresh resistances.

Pentamedia: The stock has crossed its first hurdle of Rs 480 and has its next barrier is at Rs 490. On the lower side, it has an immediate support at Rs 470 and the next major support lies at Rs 440.

Silverline: The stock failed to cross any major resistance and in the process has broken an intra-day support level of Rs 404. On the upper side, it has an immediate resistance at Rs 412 and thereafter at Rs 425.

Sterlite: The stock has crossed its first major hurdle of Rs 800 and has closed above it. Next barrier for the stock lies at Rs 900. On the lower side, it has an immediate support at Rs 822 and the next major support lies at Rs 720.

Reliance: On the daily charts it has crossed its first major hurdle of Rs 345. Medium term players can take a long position with Rs 320 as a stop loss. On the upper side, it has an immediate resistance at Rs 370.

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