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TRADING STRATEGY FOR 4th OCTOBER

Sensex: The level of 4733 is a trend decider,on upperside it can flare upto 4784 or expect a jump up to 4825 level. On downside if it trades below 4733 level then it can slide up to 4692 and there after expect free fall to 4652 level.

Nifty: The level of 1418 is a trend decider, on upper side it can flare up to 1427 or it can easily shoot up to 1434 level. On downside it can slide to 1404 and there after a free is not ruled out.

Reliance: Buy this stock above Rs 237 only, on upperside it can flare up to Rs 242 or expect a jump up to Rs 246 or Rs 250. On downside if it trades below Rs 237 it can slide up to Rs 229 level. Buy on every decline.

NIIT: Ready to take off, grab it in the morning session only. On upper side it can flare up to Rs 2898 or up to Rs 2955 level, and there after don't remain short. On downside it can slide up to Rs 2800 level.

ICI: Once it starts trading above Rs 198, then it can easily touch Rs 202 or upper freeze is also possible. Buy this stock on every decline.

Himachal Futuristic: Buy this scrip with stoploss of Rs 247, on upper side it can flare up to Rs 258 or up to Rs 267 level. Buy this stock on every decline.

SBI: Above Rs 215 level, this scrip will favour the bulls only. On upper side it can flare up to Rs 218 or up to Rs 223. On downside it can slide to Rs 210 level.

TISCO: Buy this stock, at the current price its really going at throwaway prices. On upper side after crossing Rs 142 it can flare up to Rs 145 or up to Rs 151 level.

Apollo Tyre: After crossing Rs 223 level, it will zoom up to Rs 234, expect upper freeze. Support exists at Rs 214 or at Rs 206 level.

Global Tele: Buy this scrip with stoploss of Rs 547 level, on upper side it can flare up to Rs 562 or up to Rs 580 level. On downside it can slide to Rs 530 level.

Gramaphone: One of my favourite counters and at this price too the scrip is going at throwaway prices. Above Rs 504 it will zoom up to Rs 520 or up to Rs 546.

Silverline: Buy this scrip above Rs 369 level, on upper side it can flare up to Rs 376 or upto Rs 387 level. On downside it can slide to Rs 358 level. It looks on Diwali moohrat the scrip will try to kiss Rs 600 + level. Take long postion in BSE, CSE or at DSE.

L&T: Buy with stoploss of Rs 379 level, on upper side it can flare up to Rs 391 or up to Rs 398 level. On downside it can slide to Rs 372 level.

Ranbaxy: Buy above Rs 1041 level only and then only it will show its strength. On upper side it can flare up to Rs 1066 level, and there after dont remain short. On downside it can slide to Rs 1000 level.

Satyam: Above Rs 1126 level this scrip will favour bulls, on upper side it will try to zoom up to Rs 1147 or up to Rs 1160 or Rs 1173 is also possible.

Zee Tele: If it trades above Rs 4238 level, then it can flare up to Rs 4323 level and it is the last hurdle. On upper side it can flare up to Rs 4364 or upto Rs 4405 level. On downside it can slide to Rs 4156 level.

ITC: Buy above Rs 821 level, on upper side it can flare up to Rs 831 or expect a jump up to Rs 846 level. On downside it can slide to Rs 806 and there after a free fall is not ruled out.

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