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August 28, 2001 		Feedback  
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Trading strategy for August 29, 2001

BSE Sensex: The index is close to its first base of 3310 points. The next support lies at 3270 points. It continues to have an immediate hurdle at 3340 points.

Infosys: The stock has recovered sharply from Rs 3840. This level should be used as stop loss for all long positions. It continues to have resistance at Rs 4000. The outlook in the stock has yet to turn positive.

SSI: The stock has taken minor support at Rs 165 below which the outlook will deteriorate further. It has an immediate resistance at Rs 186.

ACC: The stock has been witnessing selling on higher levels and the outlook is not getting any better. Medium term players can use Rs 130 as stop loss for all long positions. Its position will improve only above Rs 150.

MTNL: The stock has made a major base at Rs 115. This level should be used as stop loss for all long positions. On the upper side, it has a strong hurdle at Rs 136.

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