Trading Strategy for August 1, 2000

Sensex: The Sensex has moved in a narrow range and made a small base at 4228 points below which outlook will weaken further. On the upper side immediate resistance is at 4300 points and the next hurdle is at around 4375 points.

Satyam: This counter has closed near its first major resistance of Rs 2500. Immediate base for the stock is at Rs 2375 and the next support exists at Rs 2220.

Infosys: Following the overall sentiment, this stock also moved in a narrow range and has made a minor base at Rs 6740 below which outlook will weaken. On the upper side, immediate hurdle is at Rs 7000.

Sterlite: For the third time, Sterlite took a resistance at around Rs 880 above which the outlook is likely to improve. On the downside, the first support is at Rs 840 and the last base for the stock is at Rs 790.

SSI: This stock is yet to cross any short-term resistance. The first hurdle for the counter is at Rs 2380, and the next resistance is at Rs 2550. On the downside, immediate support is at Rs 2200.

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