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Trading Strategy for January 11, 2001

BSE Sensex: The index has broken its immediate support of 4100 points. Its next support is at 3940 points. It is likely to face resistance at 4160 points.

Infosys: The stock has been showing weakness on a sustained basis. The stock has a medium term support at Rs 5400, below which one can contemplate exiting the counter. In the medium term, the stock will face resistance at Rs 6400. It has an immediate hurdle at Rs 5760.

Satyam: The stock has broken its first short-term support level and has closed on a negative note. It has an immediate resistance at Rs 386. In the daily charts, the stock has a medium term hurdle at Rs 405. Above this, the outlook could improve dramatically and medium-term players can buy above this level.

Himachal: The stock has a strong resistance at Rs 1220 and the outlook for the stock is likely to improve only above this level. The immediate support for the stock is at Rs 1140.

Zee Tele: The stock has an immediate resistance at Rs 260. Its short-term position is likely to improve above this level. It has an immediate support at Rs 256 and then at Rs 252.

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