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Trading Strategy for February 2, 2000

BSE Sensex: The level of 5195 is a trend-decider. On upper side it can flare upto 5250 or expect a jump to 5285. Below 5195 it can slide to 5160 and thereafter expect a free fall. The level of 5195 is a crucial support for this month. Unless it closes below this level for two consecutive days, there will be no problem for bulls. On upper side it will have to cross 5350 and 5405 to create all-round buying. Below 5195 it can slide to 5036 and thereafter expect a free fall. Above 5405 it can flare upto 5520.

S&P CNX Nifty: The level of 1540 is a trend-decider. On upper side it can flare upto 1560 or 1575. Below 1540 expect a slide to 1526 and thereafter expect a free fall. The level of 1566 and 1582 are crucial resistance levels. A crucial support level is 1513. If it closes below this level for two consecutive days then it can slide to 1460 and thereafter expect a vertical fall. Above 1582 it can flare upto 1608 or 1650.

BHEL: Buy with stop loss of Rs 181. On upper side it can flare upto Rs 194 or expect a jump to Rs 201. Below Rs 181 it can slide to Rs 177.

HDFC: Buy with stop loss of Rs 345. It can flare upto Rs 357, Rs 360 or Rs 366. It's a rocket that on edge to explode very heavily. Buy on every decline.

BPL: Buy with stop loss of Rs 358. It can flare upto Rs 375 or Rs 384. Below Rs 358 it can slide to Rs 349. Buy this stock on every decline.

Global: Buy with stop loss of Rs 1488 and Rs 1473. It can flare upto Rs 1608 or expect upper freeze too. Below Rs 1473 it can slide to Rs 1456. Buy on every decline.

Himachal: The level of Rs 1000 is a trend-decider. It can flare upto Rs 1035 or Rs 1055. Below Rs 1000 it can slide to Rs 982.

Rolta: Buy. This scrip has started its third wave and will be dynamic nature. Buy with stop loss of Rs 500. It can flare upto Rs 523, Rs 535 or expect upper freeze. Below Rs 500 it can slide to Rs 490.

Silverline: Buy with stop loss of Rs 912. It can flare upto Rs 955 or expect a level of Rs 963 or Rs 974.

Digital: The level of Rs 1277 is a trend-decider. It can flare upto Rs 1310 and thereafter it can flare upto Rs 1330. On downside it can slide to Rs 1255 or Rs 1235.

DSQ: The level of Rs 1375 is a trend-decider. It can flare upto Rs 1430, Rs 1460 or Rs 1500.

Pentasoft (earlier Pentafour Communication): Buy with stop loss of Rs 798. It can flare upto Rs 840, Rs 860 or expect an upper freeze. Buy on every decline.

Gramophone: The level of Rs 1160 is a trend-decider. Above Rs 1460 it will try to kiss Rs 1760, Rs 1910 or Rs 2060. Buy this stock on every decline. For today's trading buy once it crosses Rs 1444. After crossing this level it can flare upto Rs 1495 or expect an upper freeze. On downside it can slide to Rs 1378. Buy this stock on every decline.

HCL Info: Buy with stop loss of Rs 748. It can flare upto Rs 780 or expect a rally to Rs 798. Buy this stock on every decline.

Jain Studio: Buy with stop loss of Rs 386. It can flare upto Rs 404 or Rs 413. Buy this stock on every decline.

Zee: The level of Rs 1240 is a trend-decider. It can flare upto Rs 1260 or expect a rally to Rs 1280. Buy this stock on every decline. Below Rs 1240 it can slide to Rs 1220.

Reliance: The level of Rs 303 is a crucial support for February 2000. Above Rs 334 it will favour bulls only. It can flare upto 366 or expect a jump upto 402 level by month end. Buy this stock on every decline. For today's trading buy with stop loss of Rs 235. It can flare upto Rs 242 or Rs 246.

Satyam: Buy with stop loss of Rs 2723. It can flare upto Rs 2790 or expect a rally to Rs 2830. If it breaks Rs 2725 it can slide to Rs 2686.

Pentamedia: Consider Rs 1340 as rock-bottom support. It can flare upto Rs 1545 or expect a jump to Rs 1770 and thereafter the sky is the limit. Above Rs 1443 it will favour bulls only. For today's trading buy with stop loss of Rs 1402. It can flare upto Rs 1466 or expect a rally to Rs 1500.

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