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Trading strategy for February 14, 2000

Silverline: Silverline is yet to show signs of weakness. The immediate resistance is at Rs 1,190, and above this level, fresh position can be taken. The stop loss in that case would be Rs 1,160.

Reliance: Reliance is strong, and will be more attractive if it crosses Rs 370. One can take fresh long position above Rs 370 with stop loss of Rs 358.

NIIT: NIIT is yet to show signs of weakness. The first support for the stock is at Rs 2,950. One can take long position above Rs 3,200.

L&T: L&T can be bought above Rs 475 with Rs 460 as stop loss.

Global Tele: Global Tele appears positive. Long positions can be added above Rs 1,895. The stock has an immediate base at Rs 1,820 which can be used as stop loss. The next support for the stock is at Rs 1,750.

Reliance Capital: Reliance Capital has remained firm, and has immediate support at Rs 166. If it crosses Rs 178, long positions can be taken.

Tata Elxsi: Tata Elxsi has immediate support at Rs 235 which can be used as a reference point for long positions. The position would improve drastically above Rs 260.

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