Trading strategy for October 18, 2000

Sensex: The Sensex has made a minor support at 3610. On the upper side its has its first resistance at 3710 points and thereafter 3850 points remains as a major hurdle.

Himachal: The stock has am immediate support at Rs 952. First resistance lies at Rs 1030 and the next major hurdlle is at Rs 1120.

NIIT: The stock has a good support at Rs 1400 which can be used as a stop loss for short-term long positions. Next support for the stock is at Rs 1300. On the upper side level of Rs 1480 would act as a major hurdle.

MTNL: The stock has major support at Rs 131 which could be used as a stop loss for long positions. On the upper side immediate resistance lies at Rs 140 and thereafter at Rs 160.

ITC: The stock has broken its first base of Rs 785 and has closed on a very weak note. On the upper side major resistance lies at Rs 800. On the lower side last support lies at Rs 700.

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