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February 21, 2001 		Feedback  
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Trading strategy for February 23, 2001

BSE Sensex:The sensex was unable to cross the hurdle of 4380 points. The outlook will further deteriorate below 4200 points.

Infosys:The stock has taken support close to its medium term base of Rs 5500. This should be used as a stop loss for all long positions. On the upper side, the first major resistance is at Rs 6600 and thereafter at Rs 7000.

HLL: The stock has a good base at Rs 214, which can be used as a stop loss for long positions. The outlook in the stock would improve above Rs 224.

Bhel: The stock has a strong resistance at Rs 184, above which long positions can be taken with Rs 178 as a stop loss. Next hurdle lies at Rs 194.

IPCL: The stock has an immediate hurdle at Rs 79, above which long positions can be taken with Rs 76 as a stop loss.

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