Trading Strategy for September 26, 2000

BSE Sensex: The recovery in the index looks corrective and long positions are still not recommended. The next hurdle for the Sensex lies at 4350 points. On the lower side, it has an immediate support at 4100 points. The outlook will further deteriorate below 4030 points.

SSI: The stock has an immediate resistance at Rs 2650 and then at Rs 2800. On the lower side, it has an immediate support Rs 2435.

Satyam Computer: The stock has closed near its immediate resistance of Rs 525 and the next major resistance is at Rs 590. It has an immediate support at Rs 490.

Pentamedia: This stock too has closed near its first major resistance of Rs 440. It has an immediate support at Rs 405 and then at Rs 395.

TISCO: The stock has broken its first medium term support of Rs 98 and looks very weak. It has a minor support at Rs 90 and the next major support lies at Rs 75. On the upper side, it has its first resistance at Rs 115.

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