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Trading strategy for February 22, 2001

BSE Sensex: The sensex has breached the immediate support level of 4300 points. Next support lies at 4200 points. On the upper side, the position is likely to improve above 4380 points.

Zee: Though there were huge volumes traded in the stock today, the price of the stock was not affected to that extent. As such the stock continues to be in the downtrend, though a corrective rally cannot be ruled out. On the upper side, the position will improve above Rs 248 only. It has a base at
Rs 226, below which the outlook will further turn negative.

ACC: The stock has a major base at Rs 182, which should be used as a stop loss for all long positions. On the upper side, the position for the stock will improve above Rs 196.

Tata Elxsi: The stock is above all medium term hurdles and looks very attractive at the current level of Rs 134. One can take long positions in the stock with Rs 128 as a stop loss.

Gujarat Ambuja: The stock has a major base at Rs 190, which should be used as a stop loss for all long positions. On the upper side, the position will further improve above Rs 210.

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