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Trading Strategy for November 16, 1999

Sensex: The level of 4616 is a trend decider, on downside sensex can slide to 4551 or to 4516. If it starts trading above 4616 then it can flare up to 4651 level. The level of 4557 & 4700 are last major support & resistance for Sensex.

Nifty: The level of 1367 is a trend decider, on upper side it can flare up to 1376. On downside it can slide to 1353 or to 1344.

ITC: Buy if starts trading above Rs 764 level only, on downside it can slide to Rs 746 or to Rs 737. On upper side it can flare up to Rs 773. There after don't remain short.Read more details in weekly trading strategy.

M&M: Have an eye on Rs 364, if it starts trading below this level then it can slide to Rs 351. On upper side it will face hurdle at Rs 378 level, there after it can zoom up to Rs 397. Buy on decline!

Satyam: Buy above or sell with stoploss of Rs 1,658, on downside it can slide to Rs 1,592 or to Rs 1,560. On upper side it can flare up to Rs 1,692.

Pentafour: Pentafour Software has a double combination of both high growth business like software and multimedia. In the entertainment and multimedia industry, it has overtaken high profile global companies like Dreamworks SKG of Steven Spielberg and Pixar Inc. of Apple Computers in animation. A Nasdaq listing candidate is available at a bargain P/E of just 16. For today's trading have a eye on Rs 726 level, on upper side it can flare up to Rs 751 or up to Rs 772 . On downside it can slide to Rs 705 or to Rs680 level.

Silverline: Buy above Rs 449 level only, on downside it can slide to Rs 508 or to Rs 497. On upper side it can flare up to Rs 540.

Himachal Fut: The level of Rs 336 is a trend decider, on upper side it can flare up to Rs 357 or up to Rs 368. On downside if it breaks Rs 336 then it can slide to Rs 320.

Tata Tea: Buy above Rs 529, on downside it can slide to Rs 508 or to Rs 497. Above Rs 529 it can flare up to Rs 540.

Infosys: Sell with stoploss of Rs 8095, on downside it can slide to Rs 7,980 or to Rs 7,905.

Hughes Soft: The level of Rs 1,382 is a trend decider, on downside it can slide to Rs 1,343 or to Rs 1,304. On upper side it can flare up to Rs 1,422 & there after it can flare up to Rs 1,462.

Klg Systel: Read details in weekly trading startegy.

Zee Tele: The level of Rs 5,249 is a trend decider, on upper side it can flare up to Rs 5,292 or up to Rs 5,336. On downside it can fall up to Rs 5,199 or up to Rs 5,150.

Dr.Reddy: Buy above Rs 1,213 only, on downside it can fall to Rs 1,138 or up to Rs 1,086. On upper side it can flare up to Rs 1,265.

Ranbaxy: Buy above Rs 990 only, on downside it can slide to Rs 963 or to Rs 955. Above Rs 990 it can jump up to Rs 1005.

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