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Trading strategy for June 21, 2000

BSE Sensex: Immediate support for the index lies at 4820 which can be used as a reference point for short term players. Below this level, the next support is at 4700.

Satyam Computer: The stock has an immediate support at Rs 3125. On the upper side, the outlook is likely to improve above Rs 3425. Last hurdle lies at Rs 3500 and the stock is likely to rally smartly once this level is crossed.

DSQ Software: The stock has resistance at Rs 1080 levels and long positions can be taken after this level is crossed decisively. The stop loss in that case would be Rs 1040. Immediate support is at Rs 1040 and thereafter at Rs 960.

Wipro: It has a strong resisitance at Rs 3070 levels and the outlook will improve once this barrier is crossed. On the lower side, it has an immediate support at Rs 2960 and thereafter the next support is at Rs 2750.

Himachal: The stock is still posting higher bottoms and tops. It has an immediate base of Rs 1600 which can be used as a stop loss for long positions. Thereafter the next base is at Rs 1525.

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