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Trading strategy for July 5, 2002

BSE Sensex: In the short-term, index is likely to move in a downward to sideways direction. Level of 3340 is likely to act as an immediate hurdle for the index.

Satyam Comp: The stock has taken resistance at its previous hurdle of Rs 245. A short term upmove can be triggered above this level. One can take long positons above it with a stop loss of Rs 240.

Digital Global: If the run in the counter has to continue level of Rs 652 should not be broken. On the upper side level of Rs 720 would act as the next hurdle for the counter.

Engineers India: The stock has a major base at Rs 365, below which outlook will turn negative. The counter continues to be in a strong uptrend which is further likely to catch momentum above Rs 410.

Tisco: The stock has further gathered momentum and has a minor base at Rs 139, which can be used as a stop loss for short-term long positons. On the upper side next major hurdle lies only at Rs 160.

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