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May 24, 2001 		Feedback  
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Trading strategy for May 25, 2001

BSE Sensex: Though the index has crossed its resistance of 3700 points, it lacks the required steam. On the lower side, 3620 points remains to be a reference point.

Wipro: The stock has crossed its medium-term hurdle of Rs 1790. It can post a correction from current levels. The decline should be used to take long positions. There is a good support at Rs 1720.

Sterlite Optical: The stock has had a good run and a correction is expected from these levels. It will face a good resistance at Rs 505. The outlook is likely to deteriorate below Rs 470.

Tisco: The stock has been moving sideways for a couple of trading sessions. It has a good base at Rs 138, below which the short-term outlook is likely to turn negative.

Gujarat Ambuja: The stock has an immediate resistance at Rs 190, above which long positions can be taken with Rs 184 as a stop loss.

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Daily technicals

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