Trading Strategy for September 22, 2000

BSE Sensex: The level of 4330 points would serve as an immediate resistance for the index. On the lower side, it has an immediate support at 4200 points below which the position is likely to deteriorate.

Global Tele: The stock has a strong resistance at Rs 1440. The stock has broken its immediate support of Rs 1370 and has closed below it. The next minor support lies at Rs 1250.

Himachal: The stock has an immediate support of Rs 1430, below which the outlook will turn negative. After this, the next minor support lies at Rs 1250. On the upper side, there is an immediate resistance at Rs 1520.

Zee Tele: The stock has an immediate resistance at Rs 460 and then at Rs 475. On the lower side, it has an immediate support at Rs 435 and a minor support at Rs 400.

Ranbaxy: The stock is close to its medium term support of Rs 640 below which the outlook will turn more negative. The next major support lies at Rs 560.

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