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April 14, 2001 		Feedback  
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Trading strategy for April 16, 2001

BSE Sensex: The sensex continues to make new lows. It is likely to face a hurdle at 3260 and thereafter at 3375 points.

Tata Power: The stock has made a strong base at Rs 94. This could be used as another medium-term support for the stock. Short-term players can take long positions above Rs 105, with Rs 100 as a stop loss.

ACC: This stock has posted a higher bottom and Rs 120 should act as a good support level. The outlook is likely to improve above Rs 134.

Bhel: The bounce in the stock should be used as a chance to make an exit. The stock is likely to face a hurdle at Rs 136. The outlook will further deteriorate below Rs 120.

HPCL: The level of Rs 150 would act as a medium-term support for the stock, below which the outlook is likely to turn negative. The stock is likely to face a resistance at Rs 168.

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