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Trading strategy for April 9, 2002

BSE Sensex: Immediate hurdle for the index lies at Rs 3540. Level of 3450 would act a major support for the index, below which the outlook will further turn negative.

Satyam: The stock has a major hurdle at Rs 272. One can take a short position in the counter with this level as a stop loss. On the lower side the position will deteriorate below Rs 252.

Infosys: The stock has an immediate base at Rs 3490, below which the outlook will further turn negative. Any bounce in the stock should be viewed as an exit opportunity. Immediate hurdle lies at Rs 3720.

Ranbaxy:The stock is close to its major hurdle levels of Rs 900-1000. Though the counter is in a major uptrend, further move could be aborted. It has an immediate hurdle at Rs 860, below which the outlook will deteriorate.

Bhel: The stock has a major hurdle at Rs 195. On the whole the outlook remains good for the stock. One can take long position in the counter at around 175 levels with a stop loss of Rs 160.

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