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Trading strategy for January 25, 2002

BSE Sensex: The narrow range in which the market was moving has finally broken. At this stage, any movement above 3400 points will trigger a fresh rally in the market.

Infosys: The fall in the counter has slowed down. Any move above Rs 3940 is likely to take the rally above Rs 4200. On the lower side, it continues to have support at Rs 3800.

Reliance: The counter continues to stay firm and is in an uptrend. Medium-term long positions should be taken in the stock with a stop loss of Rs 295. The counter could rally upto Rs 345.

Reliance Petro: The stock has made a medium-term resistance at Rs 31. Unless this level is crossed, no long position in the counter is recommended. It is among the weakest frontline stock in the market. On the lower side, the stock has next support at Rs 25

Aftek Infosys: The stock has its medium-term support at Rs 340. This level can be used as a stop loss for all medium-term players. The position will further improve above Rs 390.

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