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May 31, 2001 		Feedback  
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Trading strategy for June 1, 2001

BSE Sensex: The outlook for the index continues to remain negative. Immediate support lies at 3600 points.

Wipro: The stock has taken support close to its major bottom of Rs 1640 and any further position is likely to turn negative only below this level. Major hurdle lies at Rs 1870.

Digital: The stock has made a good base at Rs 520, which can be used as a stop loss for long positions. It has a minor hurdle at Rs 600.

Satyam: The stock hardly posted a bounce and continues to remain weak. Immediate hurdle is at Rs 235 and a major resistance at Rs 255. Immediate support lies at Rs 211.

Ashok Leyland: The stock is close to its major medium-term hurdle of Rs 72. The position will improve substantially above this level and long positions are recommended above it, with a stop loss of Rs 65.

Arc Investments & Consulting

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Daily technicals

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