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Trading strategy for June 8, 2000

Satyam Computer: The stock has posted yet another strong close. The short-term base for the stock is at Rs 3000 which can be used as a stop loss for short-term positions. The next major base for the stock is at Rs 2600. On the upper side, the resistance is at around Rs 3400.

Silverline: It showed a sharp rally from a low Rs 503 and moved above its major resistance. For long positions, the level of Rs 500 can be considered as a major reference point. On the upper side, the resistance is at around Rs 600.

SSI: The stock has given a close below its important base of Rs 2700 which is a weak signal. The next base for the stock exists at Rs 2500. On the upper side, the outlook will improve above Rs 2900.

Zee Tele: This stock showed a smart rally but failed to sustain it. For short-term players, the level of Rs 620 can be used as a stop loss. The next base is at Rs 590.

Infosys: It has closed near its short-term base of Rs 7700 below which its position will weaken. On the upper side, the outlook will improve above Rs 8080 above which one should go long.

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