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Trading strategy for June 7, 2000

Satyam Computer: It made a smart comeback on Tuesday. The level of Rs 2400 can be considered as a medium term support and the short-term base is at Rs 2680. Immediate resistance exists at Rs 2900.

Sterlite: It showed a sharp fall on Tuesday which could be considered as a correction to its previous rise. For the future, immediate resistance is at Rs 690 above which the position will improve. Major support is at around Rs 600.

Digital Equipment: This stock has a formed a double bottom at Rs 610 which can be considered as a reference point for long positions. Major resistance for the stock is at Rs 720.

Infosys: It made a small base at Rs 7800 which can be used as a stop loss for long positions. On the upper side, major resistance is at around Rs 9000.

Tisco: This stock has done well in the recent past, and has made a good base at Rs 128 which can be used as a reference point for long positions. The next hurdle for the stock exists at around Rs 150.

Arc Investments & Consulting

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