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May 30, 2001 		Feedback  
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Trading strategy for May 31, 2001

BSE Sensex: The Sensex has come close to its immediate support level of 3620 points. The level of 3760 points would act as a strong resistance.

Infosys: A one way fall in the counter was witnessed. Major support for the stock lies at
Rs 3600 and the outlook is further likely to turn negative below this level. Strong hurdle lies at
Rs 4350.

Tisco: The stock has a major base at Rs 138 and short-term outlook will turn negative only below this level. On the upper side, the position will turn better above Rs 148.

L&T: The stock has an immediate resistance at Rs 260, above which the outlook will turn positive. Long positions can be taken with Rs 250 as a stop loss.

Ranbaxy: The stock continues to have an immediate support at Rs 480. On the upper side, immediate resistance is at Rs 510.

Arc Investments & Consulting

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Daily technicals

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