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Trading Strategy for January 10, 2001

BSE Sensex: The level of 4100 can be treated as an immediate reference point, below which the short-term outlook is likely to deteriorate. The overall position is likely to improve above 4200 points.

Wipro: The stock has broken its first hurdle of Rs 2730. The position is likely to improve above Rs 2750. Long positions can be taken above this level with a stop loss of Rs 2680.

L&T: The stock has a good base at Rs 204. This can be used as a stop loss for long positions. On the upper side, the position is likely to improve above Rs 208.

Aptech: The stock has a good base at Rs 380, which can be used as stop loss for long positions. The outlook for the stock is likely to improve above Rs 390. Long positions can be taken above this level with Rs 380 as a stop loss.

Reliance: The stock has an immediate base at Rs 356. It has an immediate hurdle at Rs 361, above which the short-term outlook is likely to improve.

Arc Investment & Consulting

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