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May 7, 2001 		Feedback  
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Trading strategy for May 8, 2001

BSE Sensex: The Sensex moved in a narrow range and stocks like Infosys and SBI helped it to gain 31 points. The level of 3586 points is the first resistance, whereas a major hurdle is likely at around 3640 points. It has a base at around 3480 point

Digital: Like other software stocks, this counter too remained firm for a major part of the day. While the level of Rs 480 is a good base, it has a strong hurdle at around Rs 555.

NIIT: This is one of the weakest software counters and has not shown any significant bounce. The level of Rs 400 is the first resistance. The next hurdle for this stock is at around Rs 430. Minor base for the stock is at around Rs 360.

Bhel: The stock failed to show major gains but managed to remain firm on Monday. The position will improve further above Rs 160, whereas the level of Rs 150 can be used as a stop loss for long positions.

HPCL: The stock has shown good sideway movements and appears favourable. The position will improve above Rs 177 and the next resistance will be at around Rs 200. The level of Rs 162 is a good base and can be used as stop loss for long positions. Arc Investments & Consulting

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Daily technicals

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