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Trading Strategy for 21st October 1999

Sensex: The level of 4952 is a trend decider, on upper side it can flare up to 4982 or up to 5020 level. On downside it can fall to 4914 and there after expect a free fall to 4885 level.

Nifty: The level of 1484 is a trend decider, on upper side it can flare up to 1493 or up to 1500 or expect a level of 1507. On the downside it can slide to 1470 or to 1461 level.

Reliance: Buy with stoploss of Rs 250, on upper side it can flare up to Rs 262 or up to Rs 268 level.

TISCO: The level of Rs 153 is a trend decider, on upper side it can flare up to Rs 158 or up to Rs 162 level. On the downside it can slide to Rs 149 level.

ITC: Buy above Rs 789 level, on the downside it can slide to Rs 746 or expect a free fall to Rs 722 level. Below Rs 767 expect a free fall.

Global Tele: Buy with stoploss of Rs 661, on upper side it can flare up to Rs 677 or Rs 685 and there after don't remain short. If it starts trading below Rs 661 it can slide to Rs 653 level.

MTNL: Buy with stoploss of Rs 218, on upper side it can flare up to Rs 226 or up to Rs 230 level. On the downside it can slide to Rs 214 level. Himachal Fut: Buy with stoploss of Rs 365, on upper side it can flare up to Rs 384 or up to Rs 394 level.

Satyam: The level of Rs 1,669 is a trend decider, on upper side it can flare up to Rs 1,691 or up to Rs 1,713 level. There after don't remain short. On the downside it can slide to Rs 1,613 level.

Pentafour: Buy with stoploss of Rs 756, on upper side it can flare up to Rs 787 or up to Rs 806 level. On the downside it can slide to Rs 737 level.

Zee Tele: Buy with stoploss of Rs 5,320, on upper side it can flare up to Rs 5,495 or up to Rs 5,538 or up to Rs 5,582 level.

L&T: The level of Rs 441 is a trend decider, on upper side it can flare up to Rs 448 or up to Rs 454 level. On the downside it can slide to Rs 435 level. For real Teji it will have to cross Rs 455 level. Have an eye on Rs 455 level.

ACC: Buy with stoploss of Rs 255, on upper side it can flare up to Rs 269 or up to Rs 276 level. On the downside it can slide to Rs 248 level.

HLL: Buy above Rs 2,397 level, on the downside it can slide to Rs 2,343 or to Rs 2,303 level. Above Rs 2,397 it can jump up to Rs 2,435 level.

BHEL: Buy above Rs 316, on upper side it can flare up to Rs 323 or up to Rs 330 level. On the downside it can slide to Rs 304 level.

Silverline: Buy with stoploss of Rs 510, on upper side it can flare up to Rs 529 or upto Rs 539 level. On the downside it can slide to Rs 500 level.

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