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Trading strategy for March 7, 2000

Himachal: The stock has done exceedingly well in the recent past, and the outlook remains positive. The stock has made a good base at Rs 2030 which can be used as a stop loss. The next support is at Rs 1800.

Zee Tele: The stock has managed to cross its short-term resistance levels and appears promising. The stock has a good base at Rs 1460 which can be used as a reference point for an exit. On the upper side, it has a resistance at Rs 1620.

Reliance Capital: The stock is in a good health, and is likely to do well in the near future. The stock has made a good support at Rs 275 which can be used as a stop loss for long positions.

HCL Infosystems: The stock has moved sideways for the last two days, and has made a good base at Rs 840. One can take a long position above Rs 900. The rally is likely to accelerate above Rs 920.

Pentamedia: The stock has an immediate support at Rs 1740. On the upper side, the first resistance is at Rs 1860, and the next hurdle is at Rs 1900.

Padmini Polymer: The stock is mainly with the trend, and has been doing very well. The immediate support for the stock is at Rs 226 and it has a major base at Rs 208.

By Arc Investments & Consulting

Stocks

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