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Trading strategy for July 9, 2002

BSE Sensex: The index is close to its major hurdle of 3375 points. It is expected to consolidate between 3275 and 3340 points.

Wipro: The outlook for the stock continues to be negative. The level of Rs 1430 would act as a short-term hurdle for the counter. On the lower side, the position will further deteriorate below Rs 1380.

Aftek Infosys: The counter has been showing weakness at every bounce. It has a base at Rs 395, below which the short-term outlook will further turn negative. The level of Rs 430 would act as a major hurdle.

Tata Tea : The stock has a good base at Rs 198. One can begin building long positons at these levels with this base as a stop loss. Further positions can be added above Rs 212.

Hero Honda: The stock has a major base at Rs 300. This level can be used as a stop loss for all major positions. On the upper side, the counter is likley to face a hurdle at Rs 355 level.

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