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April 2, 2001 		Feedback  
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Trading strategy for April 3, 2001

BSE Sensex: For the third time, the Sensex has taken support at 3436 levels. It has an immediate resistance at 3640 and thereafter at 3820 points.

Dr Reddy's Laboratories: The stock has made a double top at Rs 1310, which would act as a strong resistance level in the medium-term. Medium-term players should contemplate exiting this counter at these levels. It has next support at Rs 1000.

HDFC: This stock is among the rare few which are above their medium-term levels. It has its major support at Rs 511 and thereafter at Rs 496. It is likely to face a hurdle at Rs 600.

Nestle: The stock has broken its first important support of Rs 500. Medium-term players should keep Rs 495 as a stop loss. The stock is likely to face a hurdle at Rs 540.

Sterlite Optical: The stock has broken yet another level of Rs 350 and has closed on a negative note. It will face a hurdle at Rs 413.

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