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Trading Strategy for the week ending June 25, 2000

This particular week saw lots of stocks crossing their respective medium term resistance levels. This has further improved the technical position for these scrips and it suggests a positive performance in the near future. As such, long positions would be favourable on these counters. The reference points for medium term positions have changed for these stocks. Below mentioned are the stocks, which fall into this category along with their stop loss in the brackets.

Satyam Computer (2970), Global Tele (1200), Infosys (7700), Pentamedia (550), SSI (2400), MTNL (215), Sterlite (650), NIIT(2100), SBI(217), TISCO (110), ICICI (124), Ranbaxy (545), Cipla (725), BHEL (116), Colgate (155), VSNL (1185), Aptech (710), Indo Gulf (40).

By Arc Investments and Consulting

Stocks

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