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Trading Strategy for Decmber 21, 1999

Sensex: The level of 4775 is a trend decider. On upper side it can flare up to 4815. On downside it can slide up to 4705 and there after expect free fall up to 4665.

Nifty: The level of 1425 is a trend decider. On upper side it can flare up to 1432 or expect a jump up to 1440. On the downside it can slide to 1415 or to 1408.

ACC: Decisive crossover above Rs 255 will take the scrip up to Rs 275. For today's trading have an eye on Rs 246. On upper side it can flare up to Rs 254 or up to Rs 260. Buy on every decline.

Dr.Reddy: Buy with stop loss of Rs 1,500. On upper side it can flare up to Rs 1,560 or up to Rs 1,575 or Rs 1,590 is also possible. Read more details in weekly trading strategy. Below Rs 1,500 it can slide to Rs 1,470.

ICICI: The level of Rs 111 is a trend decider. On upper side it can flare up to Rs 118 and Rs 123 is also possible. On the downside it can slide to Rs 106.

Silverline: The level of Rs 846 is a trend decider. On upper side it can flare up to Rs 860 or up to Rs 880. On the downside expect a slide to Rs 828 and there after expect a free fall.

Zee Tele: The level of Rs 924 and Rs 933 are major resistance levels. On upper side after crossing these levels it can flare up to Rs 950 and there after don't remain short. On the downside it can slide to Rs 880, if it starts trading below Rs 901.

Himachal Fut: Buy with stop loss of Rs 577. On upper side it can flare up to Rs 606 or expect an upper freeze too. Below Rs 577 it can slide to Rs 567.

Ranbaxy: The level of Rs 965 is a trend decider. On upper side it can flare up to Rs 988 or expect a jump up to Rs 1,003. On the downside it can slide to Rs 935 and there after expect a free fall.

Global Tele: Decisive crossover and close aboev Rs 982 will take the the scrip up to Rs 1,100 level very soon. Buy with stop loss of Rs 935. On upper side it can flare up to Rs 965 or up to Rs 980 and there after it can zoom up to Rs 1,025.

Satyam: Sell with stop loss of Rs 1,973 and Rs 1,993. On the downside it can slide to Rs 1,910 if it breaks Rs 1,942 with high volumes. Below Rs 1,910 expect a free fall.

Pentafour: The level of Rs 1,516 is a trend decider. On upper side it can flare up to Rs 1,540 and there after it can jump up to Rs 1,560. On the downside it can slide to Rs 1,475 and there it can slide to Rs 1,450.

Dig. Equip.: The level of Rs 817 is a crucial support. On upper side it can flare up to Rs 850 or up to Rs 865. On the downside it can slide to Rs 800 and there after don't remain long.

DSQ: Read weekly trading strategy.

HCL Info: Decisive crossover above Rs 634 will create fire works. On upper side it can flare up to Rs 740 or Rs 840. Buy with stop loss of Rs 602. On upper side it can flare up to 619 or up to Rs 627 and there after don't remain short.

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