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Trading strategy for June 2, 2000

Satyam Computer: The stock has broken its first major support of Rs 2450 and has closed below that level. It has major resistance at Rs 2600. The next support lies at Rs 2100 levels.

Infosys: The stock has an immediate support at Rs 6850, below which the short term position is likely to deteriorate. Below this level, the next base exists only at Rs 6000. On the upper side, it has an immediate resistance at Rs 7125.

Zee Tele: The stock has made strong resistance at Rs 530 levels and the position of the stock would improve only if this level is crossed. The position is likely to deteriorate below Rs 490. After this, the next support exists only at Rs 460 and then at Rs 420.

Global Tele: The stock has strong resistance at Rs 1060 and long positions can be taken once these levels are crossed decisively. On the lower side it has an immediate support at Rs 990. Thereafter it has no support until Rs 900.

Reliance Capital: The stock has broken a major support level of Rs 115 and has closed on a very weak note. It has major resistance at Rs 120 and the next support is at Rs 90.

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