Trading Strategy for September 7, 2000

BSE Sensex: The index is range-bound and any decisive crossover on either side will determine its short-term direction. On the upper side, it has a resistance at 4460 points and on the lower side 4570 points will act as a good support.

Satyam Computer: The stock is close to its major resistance of Rs 625 and the position is likely to improve above this level. On the lower side, it has an immediate support at Rs 613 and thereafter at Rs 600.

DSQ Software: The stock has closed near its first major resistance of Rs 795. It has a strong support at Rs 770. Long positions can be taken with this support as a stop loss. On the upper side, it has a minor resistance at Rs 810.

Silverline: The stock has been moving sideways for the last three trading sessions. On the upper side, it has a resistance at Rs 415 and above this level, the outlook would improve. On the lower side, it has a support at Rs 406 below which the short-term outlook is likely to turn negative.

Digital Equipment: The stock is yet to break its short-term support of Rs 555. On the upper side, it has an immediate resistance at Rs 575 and then at Rs 585.

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