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Trading strategy for February 12, 2001

BSE Sensex: The level of 4438 points should be considered as immediate hurdle for the index. It has made a double top in intra-day chart. It will get support in the region of 4360 points. The undertone will continue to remain positive.

Himachal: It has made a strong resistance at Rs 1020, and unless this level is crossed, one should avoid long positions. The next base for the counter is at around Rs 920.

DSQ Software: The stock is above its first major base of Rs 405 but has posted a lower top. The level of Rs 435 should be considered as the first major hurdle, and long positions should be taken only above this level.

ACC: With strong buying, the counter has moved above its first hurdle of Rs 192. The level of Rs 184 should be used as a reference point for long positions.

Digital Equipment: Unlike other software stocks, this counter managed to remain firm, and the uptrend is likely to gather momentum above Rs 730. The level of Rs 700 should be considered as an immediate base.

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