Trading Strategy for August 29, 2000

Sensex: The Sensex has failed to cross any significant resistance and has broken an immediate support of 4420 points. Next minor support for the Sensex lies at 4260 points. On the upper side, it has an immediate resistance at 4470 points and thereafter at 4500 points.

Satyam: The stock has made a strong resistance at Rs 585 which would act as a significant hurdle. On the lower side, it has broken its first support of Rs 558 and therafter next support lies at Rs 545.

Silverline: This stock has broken its first intra-day support of Rs 445 and has closed on a negative note. Next support for the stock lies at Rs 410. On the upper side it has an immediate resistance at Rs 455.

Zee Tele: The stock has broken a major support of Rs 485. It has an immediate resistance of Rs 498 and the next major resistance lies at Rs 510. On the lower side it has an immediate support at Rs 477.

SBI: The stock is yet to cross any major resistance and the outlook will deteriorate below Rs 195. On the upper side it has an immediate resistance at Rs 202.

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