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April 11, 2001 		Feedback  
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Trading strategy for April 12, 2001

BSE Sensex: The index has already entered an area of no immediate supports. Next major support for the Sensex is at 2753. This implies that it is likely to make fresh support levels.On the upper side, an immediate hurdle lies at 3368 points.

Satyam: The stock has closed below all major support levels and is heading for a fresh downtrend. The level of Rs 250 would act as a strong resistance level.

ITC: The stock has broken its first support level of Rs 834. It is likely to face a hurdle at Rs 855.

Reliance Petro: The stock has further broken support levels and the medium-term outlook is further likely to deteriorate. It is likely to face a strong hurdle at Rs 49.

Cipla: The stock has broken major medium-term levels and the outlook is further likely to turn negative. The level of Rs 1050 would act as a strong resistance level.

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