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Trading Strategy for November 30, 1999

Sensex: The level of 4654 is a trend decider. On upper side it can flare up to 4676 level, on the downside expect a fall to 4610, 4590 or it can slide to 4558 points.

Nifty: The level of 1390 is a trend decider. On upper side after crossing this level it can flare up to 1397, on the downside it can slide to 1378, 1372 or expect a slide to 1370 points.

SBI: The level of Rs 234 is a trend decider. On upper side it can flare up to Rs 238 or up to Rs 244. On the downside it can slide to Rs 228.

ITC: Sell if revives! Cigarette smoking and taking long postions in this counter is 100% injurious to health. Sell with stop loss of Rs 714, on the downside it can slide to Rs 690 or to Rs 675.

Tata Tea: Sell if revives! Sell with stop loss of Rs 502, on the downside it can slide to Rs 474, Rs 465 or Rs 456 is also possible.

Silverline: Yesterday the scrip started its third wave. Remember what happened in KLG Systel. So don't have second thoughts, grab this stock! Buy with stop loss of Rs 533 & Rs 526. On upper side it can flare up to Rs 556 or up to Rs 563 or Rs 571 is also possible.

Global Tele: The level of Rs 674 is a trend decider. On upper side it can flare up to Rs 698, if it crosses Rs 686. On the downside it can slide to Rs 662 or expect a fall to Rs 651.

Tata Elxsi: Traders can buy with stop loss of Rs 192. On upper side it can flare up to Rs 203 or up to Rs 208. If it breaks Rs 192 then it can slide to Rs 187.

Hindalco: Buy this stock on every decline! For today's trading it will have to cross Rs 883 level, then it can jump up to Rs 900 or up to Rs 930. On the downside it can slide to Rs 855.

L&T: Buy above Rs 401, then it can flare up to Rs 407. On the downside it can slide to Rs 390 or expect a free fall to Rs 384.

Pentafour: Buy with stop loss of Rs 783. On upper side it can flare up to Rs 826 or up to Rs 848. On the downside after breaking Rs 783 it can slide to Rs 762.Instead of trading in Satyam, Zee & other counters, have an eye on this scrip!

Satyam: Buy above Rs 1,942 only. On the downside it can slide to Rs 1,870 and there after expect a free fall to Rs 1,842. If it crosses Rs 1,942 then it can flare up to Rs 1,970.

Infosys: Sell if revives! This scrip will be the number one culprit, once downfall starts in software stocks it will fall very heavily! Sell with stop loss of Rs 9,335. On the downside it can slide to Rs 9,080, if it breaks and starts trading below Rs 9,207. Below Rs 9,080 expect a free fall! If it crosses Rs 9,335 then it can flare up to Rs 9,414.

NIIT: Buy above Rs 2,385 level only. On the downside it can slide to Rs 2,322 or to Rs 2,280. Above Rs 2,385 it can flare up to Rs 2,430.

Ranbaxy: Buy above Rs 984 level only. On the downside it can slide to Rs 965 or to Rs 952. On upper side it can flare up to Rs 997.

Zee Tele: Buy with stop loss of Rs 6,258 and consider Rs 6,190 as rock bottom support. On upper side it can flare up to Rs 6,460, Rs 6,525 or Rs 6,592 is also possible. Be cautious on upper side.

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