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Trading strategy for May 31, 2000

Zee Tele: The stock has moved one way from Rs 378 to Rs 490--a 20 per cent move. On the upper side, it has a strong resistance at Rs 545. It has an immediate support at Rs 460 and therafter at Rs 415.

Global Tele: Stock has posted a double bottom at Rs 840 and has crossed one minor top decisively. Immedaite resisitance is at Rs 1050 and the rally will speed up once this level is crossed. On the lower side, it has an immediate support at Rs 910 and therafter at Rs 840.

HDFC: The stock has been trading in the no resisitance area and is likely to rally once it crosses its minor top of Rs 545. On the lower side, it has an immedaite support at Rs 525 and the next base exists at Rs 470.

Reliance: The stock has been trading well above its short term resistances. It has an immedaite resistance at Rs 365 levels and thereafter it will be in the no resisitance area. On the lower side, it has an immedaite support at Rs 337 which can be used as a stop loss for short term positions.

Silverline: The stock has broken all resistance and has closed on a very strong note. It has an immediate barrier at Rs 460 and thereafter at Rs 510. The stock appears strong. Immediate support lies at RS 400 and therafter major base exists at Rs 365.

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