Trading Strategy for September 18, 2000

Sensex: The Sensex has broken its support level of 4550 points and has closed on a weak note. Next major support for the sensex is at 4380 points. Major hurdle at this stage lies at 4800 points.

Satyam: The stock has broken all immediate supports and has closed below them. Immediate resistance lies at Rs 615 and therafter at Rs 645. On the lower side, the next major support is at Rs 550.

Pentamedia: It has broken yet another major support of Rs 460 an has closed near it. Next support for the stock is at Rs 435. On the upper side, immediate resistance lies at Rs 500.

Sterlite: Sterlite is yet to break any major support levels, it has a major support at Rs 1080. Immediate resistance for the stock is at Rs 1200 above which the outlook is likely to improve.

Raymond: The stock has an immediate resistance at Rs 104 above which the short term outlook for the stock is likely to improve. On the lower side, immediate base lies at Rs 95.

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