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Trading Strategy for 1st November 1999

Sensex: The level of 4470 is a trend decider, on upper side after crossing this level it can easily flare up to 4521 and there after expect a spurt up to 4572 level. On downside if it breaks 4406 level, then only think of heavy selling and there after Index can slide to 4343. Sensex has formed a Hammer pattern on friday and 100 % it will favour bulls only.

Nifty: The level of 1333 is a trend decider, on upper side it can flare up to 1351 or up to 1370. On downside if it breaks 1310 then only expect a severe fall, and then only it can slide to 1287 level.

Reliance: The level of Rs 236 is a trend decider, on upperside it can flare up to Rs 240 or up to Rs 243.50. On downside it can slide to Rs 229 level. Instead of selling this scrip at these levels, buy!!!!

SBI: Buy with stoploss of Rs 243, on upper side expect a jump up to Rs 254 and there after it can zoom up to Rs 260. Below Rs 243 it can slide to Rs 237 level. Buy on every decline.

Tisco: Buy with stoploss of Rs 143, on upperside after crossing Rs 149 it can flare up to Rs 153 and there after don't remain short.

ITC: If it starts trading below Rs 694 then it can fall to Rs 677 and there after expect a free fall. On upper side it will have to clear a laxman Rekha of Rs 711 then only it will show its power.

ACC: The level of Rs 200 is a trend decider, on upper side it can flare up to Rs 205 or up to Rs 211. On downside it can slide to Rs 194 level.

Ranbaxy: Have an eye on Rs 895 levelif you are interested in taking long positions, then buy above this level only. On upeprside it can flare up to Rs 910 or up to Rs 925. Below Rs 867 it can fall to Rs 839 level.

Telco: Buy above Rs 246 level only. On upperside after crossing this level it can flare up to Rs 255. On downside it can slide to Rs 232, if it breaks Rs 239. Sell this stock if it revives.

L&T: The level of Rs 395 is a trend decider, on upper side it can flare up to Rs 410 and there after don't remain short. On downside it can slide to Rs 384. Buy this stock on every decline.

Tata Tea: Buy above Rs 553 level, on upper side after crossing this level it can flare up to Rs 564 up to Rs 576 level. On downside it can slide to Rs 521 if it breaks Rs 537 level.

NIIT: Buy with stoploss of Rs 2,140 & Rs 2,115. On upper side after crossing Rs 2,181 it can flare up to Rs 2,248 or up to Rs 2,290. Looking very hot buy, revival is best opportunity to exit.

Silverline: Above Rs 380 it can flare up to Rs 393 and consider this as a major hurdle. On upper side it can flare up to Rs 406. If it breaks Rs 380 then it can fall to Rs 367 level.

Satyam: Once it will cross Rs 1,280 level with high volumes then it can flare up to Rs 1,348 (Minor hurdle exists at Rs 1,314). On the downside if it trades below Rs 1,280 and breaks Rs 1,242 then it can fall to Rs 1,205.

Pentafour: Buy above Rs 616 level, on upper side it can flare up to Rs 640 level. On downside it can slide to Rs 580 level, there after expect a free fall. Don't remain short above Rs 640 level.

Global Tele: It will face resistance at Rs 539 or at Rs 548 level.On downside it can slide to Rs 511 and there after expect a free fall. Instead of selling at this price buy this stock.

Himachal Fut: The level of Rs 298 is a trend decider, on upper side it can flare up to Rs 314 and there after don't remain short. On downside it can slide to Rs 278 level. Buy! Once market revives, it will shoot like rocket.

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