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Trading Strategy for February 3, 2000

Buy Essel Packaging

BSE Sensex: The level of 5303 is a trend-decider. It can flare upto 5340 or 5380. It can slide to 5265 or 5225.

S&P CNX Nifty: The level of 1583 is a trend-decider. It can go to 1612, 1623 or 1635. On downside it can slide to 1571 or 1560.

ACC: The level of Rs 191 is a trend-decider. It can flare upto Rs 199 or Rs 205. On downside it can slide to Rs 186.

SBI: The level of Rs 248 is a trend-decider. It can flare upto Rs 252 or Rs 259. On downside it can slide to Rs 240.

Reliance: The level of Rs 340 is a trend-decider. It can flare upto Rs 343 or Rs 349. On downside it can slide to Rs 334.

BHEL: The level of Rs 191 is a trend-decider. It can flare upto Rs 200 or expect a jump to Rs 205. On downside it can slide to Rs 181. Buy this stock on every decline.

Global Tele: The level of Rs 1524 is a trend-decider. It can flare upto Rs 1257 level. Above Rs 1257 it can flare upto Rs 1280 and thereafter don't remain short. On downside it can slide to Rs 1490.

Himachal: The level of Rs 1000 is a trend-decider. It can slide to Rs 945 if it breaks Rs 973. Don't panic. Above Rs 1000 it can easily flare upto Rs 1036 and don't remain short thereafter.

Zee: The level of Rs 1257 is a trend-decider. It can flare upto Rs 1280 and thereafter it will try to touch Rs 1315. On downside it can slide to Rs 1220 level. Buy this stock on every decline.

Silverline: The level of Rs 973 is a trend-decider. It can flare upto Rs 997 or Rs 1015. Below Rs 973 it can slide to Rs 963 or Rs 953.

Satyam: The level of Rs 2787 is a trend-decider. It can flare upto Rs 2808 or Rs 2830 and thereafter don't remain short. It can slide to Rs 2715 and thereafter expect a free fall.

HDFC: Unless it breaks Rs 319, it will favour bulls only and on upper side it can flare upto Rs 370 or Rs 400-plus. Buy this stock on every decline. For today's trading, the level of Rs 348 is a trend-decider. It can flare upto Rs 355 or expect a level of Rs 362. Below Rs 348 it can slide to Rs 340.

Digital: The level of Rs 1316 is a trend-decider. It can flare upto Rs 1358 or Rs 1375. On downside after breaking Rs 1316 it can slide to Rs 1285 and thereafter don't remain long.

BSES: It's a rocket ready to explode. Monthly chart indicates that that the level of Rs 204 is a trend-decider. Above this level it will favour bulls only. It can flare upto Rs 225 or expect a jump to Rs 246. Buy this stock on every decline. For today's trading, buy with stop loss of Rs 214. It can flare upto Rs 224 or Rs 230 level. Below Rs 214 it can slide to Rs 208.

Sterlite: The level of Rs 811 is a trend-decider. It can slide to Rs 775 and thereafter expect a free fall. Above Rs 811 it will try to kiss Rs 840. Be cautious on upper level. For second round of teji, it will have to cross Rs 856.

Tata Tea: Sell if it revives with stop loss of Rs 443 and Rs 452. On downside it can slide to Rs 420 or Rs 402.After crossing Rs 452 it can flare upto Rs 470.

Ranbaxy: Monthly chart indicates that the scrip will have to close above Rs 959 for two consecutive days for real bull run. After crossing this level it can flare upto Rs 985 or Rs 1020 and thereafter it will explode very heavily. For today's trading buy with stop loss of Rs 930. It can flare upto Rs 947 or Rs 965. Don't remain short above Rs 965. Below Rs 930 it can slide to Rs 902.

Gramophone: The level of Rs 1349 and Rs 1373 are crucial resistance levels. On downside it can slide to Rs 1260 if it breaks Rs 1316 level. Buy this stock on every decline.

Essel Packaging: From this level of Rs 609 it will touch Rs 700 plus level within hours only. Catch it in the morning session itself. By month end it can flare upto Rs 800.

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