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November 25, 1999
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Trading Strategy for November 25, 1999
Sensex: The level of 4674 is a trend decider, on upper side it can flare up to 4707 or up to 4736. On the downside it can slide to 4645 and there after expect a free fall. Index will have to cross and close above 4700 level for three consecutive days then only think about real Teji. Nifty: The level of 1403 is a trend decider, on upper side it can flare up to 1403 or expect a jump up to 1413. On the downside it can slide to 1384 and there after expect a free fall. Tisco: The scrip will have to cross Rs 153.50 level with high volumes then only it will show its real power. On upper side it can flare up to Rs 158. Crossover above Rs 159 will take the scrip up to Rs 167. Support will be given by Rs 147, below this it can slide to Rs 143. ITC: Sell if revives! With stop loss of Rs 753. On the downside it can slide to Rs 732 or up to Rs 721. Above Rs 753 it can flare up to Rs 764. Telco: 100% Corrective rally! But for today's trading consider Rs 236 as support level. On upper side it can flare up to Rs 247 or up to Rs 253. The level of Rs 260 is a Laxman Rekha. If it breaks Rs 236 then the truck will slide to Rs 230 level. Digital Equip: The level of Rs 697 is a trend decider, on upper side it can flare up to Rs 710 or up to Rs 724. On the downside it can slide to Rs 672. Above Rs 685 it will favour the bulls only. Silverline: The level of Rs 487 is a trend decider, on upper side it can flare up to Rs 496 or up to Rs 508. On the downside it can slide to Rs 475 or expect a free fall to Rs 466. Ranbaxy: The level of Rs 969 is a trend decider, on upper side it can flare up to Rs 988 or up to Rs 1007. On the downside it can slide to Rs 953 and there after it can slide to Rs 938. Satyam: Buy above Rs 1761 level only! On the downside it can slide to Rs 1698 and there after expect a free fall. On upper side it can flare up to Rs 1781 or Rs 1802 is also possible. Infosys: Buy above Rs 9,185 level only! On the downside it can slide to Rs 9,025 if it breaks Rs 9,105. Below Rs 9,025 expect a vertical crash. Above Rs 9,185 it can flare up to Rs 9,237 or expect a level of Rs 9,290. Zee Tele: Buy above Rs 5,520 level only! On the downside it can slide to Rs 5,390 and there after it can slide to Rs 5,325. On upper side it can flare up to Rs 5,585. Himachal Fut: The level of Rs 396 is a trend decider, on upper side after crossing this level it can flare up to Rs 403 or up to Rs 415. On the downside scrip can slide to Rs 384 and there after expect a free fall. For more details read weekly trading strategy Global Tele: Last major hurdle for this scrip exists at Rs 589. Close above this level will take the scrip up to Rs 635 or up to Rs 688 by this month end. For today's trading consider Rs 565 as support level. On upper side it can flare up to Rs 591 or up to Rs 604. If it breaks Rs 565 then it can fall to Rs 552. |
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