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Trading strategy for August 5, 2002

BSE Sensex: The index is likely to post a marginal bounce from these levels. Level of 2940 would act as an immediate base in the Sensex. On the upper side it could rally to 3100 levels.

Mastek: The stock is a major market performer and has sustained the fall in the technology related sector. On the upper side major hurdle lies at Rs 385. On the lower side it has a last base at Rs 325, below which all positions should be liquidated.

ITC: The stock has posted a sharp rally and is approaching its resistance level of Rs 690. Long positions should be taken with due care.

Digital Global: The stock has a major hurdle at Rs 600 levels. Counter can bounce till 580 levels which can be used as an opportunity to sell the stock with a stop loss of Rs 600.

Ranbaxy:The counter can rally to Rs 880 levels, which can be used as an exit opportunity. On the lower side immediate base is at Rs 830 which can be used as a stop loss for all long positons.

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