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Trading strategy for June 22, 2000

Sensex: The sensex could not cross yesterday's high and has made strong resistance at 4900 points. At the same time, it has broken its immediate supports and has closed below it. Next support for the sensex lies at 4560 points.

Himachal: The stock has posted a lower top and has broken its immediate base of Rs 1600. It has a strong resistance at Rs 1660. Next support for the stock is at Rs 1500.

Satyam Computer: This stock too has broken its immediate support and has closed below it. Next support lies at Rs 2900. On the upper side, it has an immediate resistance at Rs 3300 and thereafter at Rs 3500.

Infosys: The stock has posted a double top at Rs 8820 and long positions should be initiated only once this is crossed. Moreover, the stock has broken its first support and has closed below it. Next support exists at Rs 8200.

Wipro: This stock has also closed much below its previous support. Next support exists at Rs 2400. On the upper side, it has an immediate resisitance at Rs 2900 and thereafter at Rs 3050.

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