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Trading Strategy for the week ending February 27, 2000

Zee Telefilms: Zee has been moving sideways for over three weeks. The rally is likely to gather momentum only above Rs 1400. First support for the stock is at Rs 1300 and thereafter at Rs 1200. Below this, medium term players can make an exit.

Pentamedia (Pentafour Software): Pentafour looks excellent for long positions. While the immediate support for the stock is at Rs 1800, the last base thereafter exits at Rs 1750.

Silverline: Silverline is extremely bullish and is likely to do well in the near future. The stock has major support at Rs 1150. The next support for the stock lies at Rs 995.

Reliance Industries: Reliance is yet to break its important levels. The immediate support for the stock is at Rs 340 whereas the immediate resistance for the stock is at Rs 356. The last resistance for the stock is at Rs 370.

Digital Equipment: Digital is showing a mixed trend. The medium term support for the stock is at Rs 1275. The stock has its first resistance at Rs 1480 and long positions are advisable only above this level.

ITC: ITC is yet to break its major base at Rs 975. The stock stays bullish above this level. The next support is at Rs 920 below which it may show some real weakness. The rally is expected to accelerate above Rs 1055.

By Arc Investments & Consulting

Stocks

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