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Trading strategy for May 15, 2001

BSE Sensex: The level of 3536 points would serve as a good support for the Sensex, below which the outlook will deteriorate. On the upper side, the outlook is likely to improve above 3580 points.

Satyam: The stock has an immediate barrier at Rs 235 and any long positions are recommended only above this level. On the lower side, the outlook is further likely to turn negative below Rs 220.

Aptech: The stock is below its major base of Rs 114 and the outlook is negative. The level of Rs 118 would serve as a strong hurdle. On the lower side, the position will further turn negative below Rs 112.

MTNL: The stock is close to its immediate hurdle of Rs 152, above which long positions can be taken with Rs 147 as a stop loss.

Reliance: The stock has made a base at Rs 355, below which the short-term outlook is likely to deteriorate. It has an immediate hurdle at Rs 370.

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