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January 11, 2001 		Feedback  
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Trading Strategy for January 12, 2001

BSE Sensex: The Sensex continued its slide for the third consecutive day. The level of 3940 points as the next support level still holds true. It has an immediate resistance at 4080 points.

Global Tele: The stock has a strong resistance at Rs 770 and unless this is crossed, the outlook remains negative. On the lower side, it has a minor support at Rs 700.

Reliance: The stock has crossed its first hurdle and has closed on a positive note. It has good support at Rs 350. The next hurdle is at Rs 362 and then at Rs 367.

Tisco: The stock has its first short-term resistance at Rs 128. One can take long positions above this level with a stop loss of Rs 126.

MTNL: The stock has crossed its first minor barrier and has closed on a positive note. It has a good support at Rs 178. Long positions can be taken with a stop loss at Rs 178.

Arc Investment & Consulting

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Daily technicals

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