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May 5, 2001 		Feedback  
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Trading strategy for May 7, 2001

BSE Sensex: The index has taken a breather and the level of 3460 should act as an immmediate support. Immediate resistance lies at 3525 and thereafter at 3580 points.

Wipro: The stock has crossed its first medium-term resistance and has closed above it. On the lower side, it has an immediate resistance at Rs 1550 and thereafter at Rs 1450.

NIIT: The stock is close to its major support at Rs 360, below which the outlook will further turn negative. No long position is recommended in the stock. On the upper side, it has an immediate resistance at Rs 390.

ACC: The stock has an immediate resistance at Rs 143, above which long positions can be taken. In this the stop loss would be Rs 137.

Sun Pharma: The stock is close to its medium-term hurdle of Rs 625, above which the outlook will turn positive. As of now, the stock has a major support at Rs 520 which should be used as a stop loss for all long positions. It is likely to post a higher bottom in due course.

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Daily technicals

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