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Trading strategy for June 13, 2000

Silverline: In an otherwise weak market Silverline did well on Monday. The first support for the stock is at Rs 550 which can be used as stop loss for long positions. The next base is at around Rs 500. On the upper side, minor resistance is at Rs 590.

Satyam Computer: Like other software stocks, it has dipped below its supports levels and the next major base is at around Rs 3000. On the upper side immediate resistance is at Rs 3180 and the next hurdle is at Rs 3300.

Infosys: The close has been weak for the counter, and any dip below Rs 7700 may accelerate the downtrend. Immediate resistance is at Rs 7900 and the next hurdle is at Rs 8200.

Wipro: This stock moved in a narrow range. It has a good base at Rs 2350. On the upper side the outlook will turn bullish above Rs 2500.

Digital Equipment: This stock is close to its strong resistance of Rs 690 above which the outlook will improve. On the downside it has a good base at Rs 640 and the next base exists at Rs 620.

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