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Trading strategy for August 19, 2002

BSE Sensex: Level of 3000 points would act as a short-term bottom in the Sensex. On the upper side rally could last till 3150 levels.

Satyam Comp: In the short term the counter seems to be directionless. Immediate support is at Rs 208, below which one can take short positions with a stop loss of Rs 214.

Aftek Infosys: The stock is posting a corrective rally. Immediate support is at Rs 297 below which short-term outlook will turn negative. On the upper side level of Rs 315 would act as a major hurdle.

L&T: The counter has recoverd substantially from its recent low of Rs 155. Though it is approaching its major resistance level, short-positions should be taken with due caution. Level of Rs 165 would act as a good support.

Balaji Tele: The counter is not a trading one and has a medium term base at Rs 440. This level should be used as a stop loss by all medium term investors. On the upper side it is likely to face hurdle at Rs 560 levels.

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