Trading Strategy for September 8, 2000

Sensex: The sensex has managed to cross its immediate resistance of 4640 points and has closed on a firm note. Immediate support lies at 4580 points.

Satyam: The stock is moving sideways for the last few trading sessions and has not broken its base of Rs 600. Immediate resistance lies at Rs 617 and the next hurdle is at Rs 625. Above these levels the outlook would improve significantly.

Pentamedia: The stock has crossed all immediate resistances and has closed on a positive note. On the lower side immediate support lies at Rs 465 and thereafter at Rs 440.

Zee Tele: The stock has crossed its first intra-day resistance at Rs 540 and has closed above these levels and major hurdle lies at Rs 555. Once these levels are crossed the outlook for the stock is likely to improve. Immediate support lies at Rs 526.

Himachal: The stock has made a minor base at Rs 1600 and has an immediate resistance at Rs 1660. Next major base for the stock is at Rs 1470.

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