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Trading Strategy for November 12, 1999

Sensex: The level of 4665 is a trend decider, on downside it can slide to 4615 or to 4590. On upper side it can flare up to 4690 or up to 4740. Below 4590 it can slide to 4552. Traders are advised to sell Sensex based stocks, and it was clearly mentioned in weekly trading strategy that expect heavy selling from 4700 level. And see what had happened.

Nifty: The level of 1392 is a trend decider, on upper side it can flare up to 1402 level. On downside it can slide to 1382 or to 1372 level.

Reliance: The level of Rs 235 is a trend decider, on upper side it can flare up to Rs 238 or expect a level of Rs 243. On downside it can slide to Rs 229 or to Rs 226.

SBI: Buy above Rs 237 level only, on downside it can slide to Rs 233 or to Rs 228 level. On upper side it can jump up to Rs 242.

Infosys: The level of Rs 8,085 is a trend decider, on upper side it can flare up to Rs 8,152 or up to Rs 8,220. On downside it can slide to Rs 7,835 or to Rs 7,767.

Zee Tele: Consider Rs 4,840 & Rs 4,780 as support level. On upper side scrip can flare up to Rs 5,140, if it crosses Rs 4,960. Don't trade in this scrip, 100% control in operators hand.

Siemens: Sell if revives, with stoploss of Rs 490. On downside it can slide to Rs 448 or to Rs 440. If it crosses Rs 490 it can flare up to Rs 511.

Ranbaxy: Buy above or sell with stoploss of Rs 991. On downside it can slide to Rs 962 or to Rs 952. Above Rs 991 it can flare up to Rs 1,010.

Satyam: The level of Rs 1,627 is a trend decider, on upper side it can flare up to Rs 1,675 or up to Rs 1,723. On downside it can slide to Rs 1,580 or to Rs 1,534.

ITC: The level of Rs 754 is a trend decider, on upper side it can flare up to Rs 788, if it crosses Rs 771. On downside it can slide to Rs 741 or to Rs 728.

Silverline: On the downside it can slide to Rs 416 or to Rs 400.

Rolta: The level of Rs 143 is a trend decider, on downside it can slide to Rs 135 or to Rs 131 level. On upper side it can flare up to Rs 147.

Sterlite: The level of Rs 387 is a trend decider, on downside it can slide to Rs 372 or to Rs 360. On upper side it can flare up to Rs 399.

Pentafour: Buy above Rs 702. On downside it can slide to Rs 666 or to Rs 647. On upper side after crossing Rs 702 it can flare up to Rs 721.

L&T: Buy above Rs 413, on downside it can slide to Rs 404 or to Rs 399 level. On upper side it can flare up to Rs 418.

M&M: The level of Rs 369 is a trend decider, on upper side it can flare up to Rs 386 or up to Rs 395. Below Rs 369 it can fall to Rs 360.

SSI: Sell if revives with stoploss of Rs 1,093, on downside it can slide to Rs 1036 or to Rs 1,007.

ACC: The level of Rs 207 is a trend decider, on upper side it can flare up to Rs 211. On downside it can slide to Rs 200 or to Rs 196. Sell if revives!

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