Trading Strategy for September 19, 2000

Sensex: The Sensex has broken yet another major support level of 4370 and has closed below it. Any bounce from the current levels should be treated as a corrective move only. Next major support lies at 4140 points. On the upper side, it has an immediate resistance at 4500 points and thereafter at 4700 points.

Infosys: The stock has broken another support of Rs 8220 and has closed on a negative note. It has a support at Rs 7800. On the upper side, it has a resistance at Rs 8350.

Silverline: The stock is close to its next major support of Rs 370. It has an immediate resistance at Rs 400.

Pentamedia: This stock too is close to its immediate support of Rs 435. After this level next major support lies at Rs 360 levels. On the upper side, it has an immediate resistance at Rs 452.

L&T: The stock has closed below all immediate support levels. It has a minor support at Rs 160. On the upper side, it has an immediate resistance at Rs 190.

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