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Trading strategy for March 2, 2000

Satyam Computer: The stock has done well and appears extremely bullish. It has an immediate support at Rs 5400 and then at Rs 5225. Major supports for the stock still lie at Rs 4850 level. On the upper side the stock has no resistance.

Himachal Futuristic: This stock has been scaling new highs and outlook remains positive. It has an immediate support at Rs 1850. Below this level, it has a major support a Rs 1700.

HCL Infosys: Like other software stocks, this one too has crossed its first minor resistance. The stock has some major support at Rs 780. On the upper side, the stock faces first resistance at Rs 920 and then at Rs 960. Stock will gather momentum once these levels are crossed.

HDFC: The stock looks all set for another upmove. Very short term support for the stock is at Rs 415. Below this next support is at Rs 400. On the upper side, the stock has a minor resistance at Rs 450.

ICICI: The stock has done well, and appears extremely bullish. On the lower side, the stock has an immediate support at Rs 172 . Major supports for the stock is at Rs 165 and Rs 156.

Wipro: The stock has posted a double bottom at Rs 6350. Short term support for the stock is at Rs 7000. On the upper side the stock could face a minor hurdle at Rs 7400.

By Arc Investments & Consulting

Stocks

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