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January 15, 2001 		Feedback  
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Trading Strategy for January 16, 2001

BSE Sensex: The Sensex has a good support at 4000 points, below which the outlook will turn negative. On the upper side, it is likely to face a hurdle at 4080 points.

Digital Equipment: The stock has an immediate support at Rs 530. This level can be used as stop loss for short-term long positions.

Wipro: The stock has an immediate hurdle at Rs 2600. Its short-term outlook is likely to improve above this level. On the lower side it has an immediate support at Rs 2500 and thereafter at Rs 2450.

Reliance: The stock has once again crossed an intra-day resistance and has closed on a strong note. Long positions can be taken with Rs 352 as a stop loss.

India Cements: The stock has a strong resistance at Rs 55. Once this level is crossed, the outlook for the stock is likely to improve. Long positions can be taken with Rs 53 as a stop loss.

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Daily technicals

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