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Trading strategy for June 12, 2000

Himachal: For the first time in the last few days, the stock broke its short-term base and closed on a weak note. Immediate resistance exists at Rs 1425 whereas on the downside, the next major base is at Rs 1150.

Global Tele: For the first time in the last seven days, this stock has shown a lower top. The next major base for the stock is at Rs 1220. Immediate resistance is at Rs 1350.

Zee Tele: The formation of a lower top at Rs 630 is a weak signal for the stock. The next major base for the stock is at Rs 540. On the upper side, resistance exists at Rs 630.

HLL: This stock is above its short-term resistance. The uptrend is likely to gather momentum above Rs 2650. On the downside, there is a strong base at Rs 2550.

Pentamedia: The position of this counter is comparatively better. The uptrend is likely to gather momentum above Rs 640. On the downside, support exists at Rs 600.

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