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Trading strategy for April 28, 2000

Reliance Ind: After showing a sharp rally on Wednesday, the stock showed correction during the second half of the day. On the upper side, if it manages to cross Rs 365, the outlook will be very bullish. After a minor base of Rs 340, the next bottom for the stock is at Rs 310.

Infosys: This stock has managed to remain above its short-term resistance. Outlook will further improve above Rs 8150. Immediate support exists at Rs 7800.

Sterlite: This stock has closed near its short-term support which is at Rs 750. The nex major base is at Rs 630. The outlook will brighten above Rs 800.

BSES: It managed to remain firm and has formed a good base at Rs 251 which can be used a reference point for an exit. On the upper side, till the level of Rs 285, no major resistance exists.

Hughes Soft: It has a made a small base at Rs 2700 which can be used as a stop loss for long positions. On the upper side, the outlook will improve above Rs 2900.

Zee Tele: Immediate resistance for the stock exists at Rs 760, and the next hurdle is above Rs 775. Above this level, the outlook will improve. On the downside the next base is at Rs 610.

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