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October 12, 2000 		Feedback  
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Trading strategy for October 13, 2000

Outlook: The rally in the software stocks is of corrective nature only and long positions are not advisable at this stage.

Sensex: The Sensex has an immediate resistance at 3900. On the lower side minor support is at 3800 points.

Global Tele: The stock is approaching its major resistance of Rs 1180 levels. On the lower side major support is only at Rs 1000.

Pentamedia: It has not fallen much and has a major support at Rs 380 below which the outlook will turn negative. On the upper side it has a major hurdle at Rs 425.

SSI: The stock has its next hurdle at Rs 2350 and the next major resistance lies at Rs 2500. On the lower side the outlook will deteriorate below Rs 2100.

Reliance: The stock has broken its first major support of Rs 335 and the last major support lies at Rs 320 below which the medium term outlook will turn negative.

Arc Investments & Consulting

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Daily Technicals

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