NEWS
COLUMNISTS
STOCKS
MUTUAL FUNDS
TAX
INTERVIEW
REAL ESTATE
GOLD
CURRENCY

Trading Strategy for Decmber 8, 1999

Sensex: The level of 4870 is a trend decider. On upper side it can flare up to 4888 or up to 4912. On the downside it can slide to 4845 or to 4826.

NIFTY: The level of 1446 is a trend decider. On upper side it can flare up to 1455 or up to 1461. On the downside it can slide to 1440 and there after it can slide to 1431.

SBI: The level of Rs 250 is a trend decider. On upper side it can flare up to Rs 254 or up to Rs 261. On the downside it can slide to Rs 243. Buy on every decline.

ACC: Buy with stop loss of Rs 219. On upper side it can flare up to Rs 228 or up to Rs 233. On the downside it can slide to Rs 214.

Reliance: The level of Rs 224 is a trend decider. On upper side it can flare up to Rs 228 and there after it can flare up to Rs 233. Decisive crossover above Rs 226 will create heavy buying! On the downside it can slide to Rs 221.

Global Tele: Buy with stop loss of Rs 817. On upper side it can flare up to Rs 852 or expect a jump up to Rs 870. If it is able to close above Rs 858 level for two consecutive days then expect a smooth ride up to Rs 982 or Rs 1,110 level by this month end itself!

Himachal Fut.: The level of Rs 485 is a trend decider. On upper side it can flare up to Rs 500 or up to Rs 516. If it is able to close above Rs 493 for two consecutive days then it can flare up to Rs 550 level. Buy on every decline, expect a rally up to 700 by January 15, 2000.

Ranbaxy: Above 1092 it will favour bulls only, remember this level is for the whole of this month. For today's trading have an eye on Rs 1,123 and consider this level as support level. On upper side it can flare up to Rs 1,153 or up to Rs 1,170.

Satyam: Buy above Rs 2,170 only, if it crosses this level then it can flare up to Rs 2,208 or Rs 2,240. On the downside it can slide to Rs 2,105 and there after expect a free fall.

Pentafour: Last major hurdle for this scrip is Rs 1,114. If it is able to close above this level then expect a real explosion up to Rs 1,280 or Rs 1,450 by this month end. For today's trading have an eye on Rs 1009. On upper side it can flare up to Rs 1,060 and there after expect a jump up to Rs 1,108. If it breaks Rs 1,009 then it can slide to Rs 990.

Zee Tele: Monthly support and resistance levels; Rock bottom support exists at Rs 580. On upper side expect a jump up to Rs 787 or up to Rs 890. For today's trading consider Rs 750 as support level. On upper side it can flare up to Rs 768 or up to Rs 777. At this price too this scrip is going at throw away price compare to Jain Studio & Sri Adhikari!

Infosys: The level of Rs 9,690 is a trend decider. On upper side it can flare up to Rs 9,900 and there after don't remain short. On the downside expect a slide to Rs 9,540 and there after don't remain long!

Silverline: Buy with stop loss of Rs 692. On upper side it can flare up to Rs 709, Rs 726 and there after expect a jump up to Rs 740. If it breaks Rs 692 with high volumes and stays below this level for more than 5 minutes expect slide to Rs 679 or to Rs 666. Major hurdle exists at Rs 714 level. Above Rs 671 it will favour bulls only.

Rolta: Buy with stop loss of Rs 237. On upper side it can flare up to Rs 248 or up to Rs 254. If it breaks Rs 237 then only expect a free fall.

NIIT: Decisive crossover above Rs 2,660 will create heavy buying from all the corners! Upper targets there after are Rs 2,816 or Rs 2,975 by this month end! For today's trading have an eye on Rs 2,578. On upper side it can zoom up to Rs 2705 or up to Rs 2768.

Sterlite: The level of Rs 423 is a trend decider. On upper side it can flare up to Rs 442, if it crosses Rs 433. On the downside it can slide to Rs 410.

Tata Elxsi: The level of Rs 244 is a trend decider. On upper side it can flare up to Rs 257 or up to Rs 264. Major hurdle exists at Rs 273 consider this as last major hurdle.

Stocks

Tell us what you think of this feature