Trading strategy for October 23, 2000

Sensex: The Sensex has made an immediate resistance at 3780. This would act as a hurdle in the short term. On the lower side, it has a support at 3500 points only.

Global Tele: The stock broke an intra-day support of Rs 1160 and closed on a very weak note. Next support for the stock is at Rs 1040 and the last support is at Rs 1000. Overall, the technical outlook on the stock is very negative. On the upper side, the level of Rs 1200 would act as a strong resistance.

Infosys: The stock has an immediate resistance at Rs 7200 and has its next major hurdle at Rs 7500. On the lower side, it has an immediate support at Rs 6800 and thereafter at Rs 6100.

Pentamedia: The stock has broken yet another intra-day support of Rs 345 and has closed on a negative note. On the lower side, it has an immediate resistance at Rs 365 and major hurdle lies at Rs 390.

Cipla: The stock has made a good base at Rs 790 and therafter the next major support lies at Rs 770. On the upper side, it has a barrier at Rs 860.

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