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February 27, 2001 		Feedback  
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Trading strategy for February 28, 2001

Outlook: Intra-day technical analysis has little meaning when there is an event like the Budget. Nevertheless, overall sentiment has remained bearish and the chances of a reversal appear grim.

Normally, the market shows a trend after the Budget, which tends to continue in the medium term. There are some stocks that have performed well in the last four months. We have provided the list of such stocks along with their reference points for medium term delivery holders. These levels should be used as a stop loss for all long positions.

Tata Power (Rs 145), L&T (Rs 250), ACC (Rs 173), Grasim (Rs 285), Tisco (Rs 148), BSES (Rs 220), Reliance (Rs 390),ITC (Rs 760), HLL (Rs 190),Telco (Rs 90),SBI (Rs 210), Bhel (Rs 150), Tata Chem (Rs 49), ABB (Rs 285).

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Daily technicals

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