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Trading strategy for March 21, 2002

BSE Sensex: The index moved in a narrow range. There is an immediate support at 3550 points. A major resistance continues to be at 3720 points. Index is likely to move sideways.

Digital Global: The stock absorbed most of the selling and has closed much higher than the day's low. The level of Rs 535 should act as a strong support and long positions can be taken with this level as a stop loss. On the upper side, there is a major hurdle at Rs 610.

Aftek Infosys: The stock was the first and the sharpest to reverse from the day's low. The level of Rs 445 will act as a strong support for the counter. In the short-term, there is an immediate support at Rs 470. On the upper side, the counter can rally upto Rs 550 levels.

Mastek: The counter has taken support close to its major base of Rs 325. This level will continue to act as a major base for the counter. It has a hurdle only at Rs 385 levels. Long positions can be taken at Rs 345 levels.

Polaris: The counter had shown the minimum fall during the first half. Short-term long positions can be taken with a stop loss of Rs 202. On the upper side, it has a minor hurdle at Rs 222.

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