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Trading strategy for July 24, 2000

BSE Sensex: Except for a firm opening on Friday, the performance was far from impressive with the downtrend accelerating in the second half. The Sensex has broken its medium supports and the outlook remains negative. The next major base is at around 4000 points.

Satyam: This stock has dipped below its important base of Rs 2750 and appears extremely weak. The next base is at around Rs 2500 and the immediate resistance is at Rs 2870.

Infosys: The stock did not show a sharp fall and made a minor base at Rs 7240, which can be considered as a stop loss for long positions. The short-term outlook will improve above Rs 7500.

Himachal: The performance of this stock was comparatively better. The stock is still above its important base at Rs 1300. On the upper side, it has a strong resistance at Rs 1440.

Digital Equipment: This stock has dipped below its medium term base and appears weak. Strong resistance exists at Rs 570, and the next base is far from the current level.

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