COLUMNISTS
STOCKS
MUTUAL FUNDS
TAX
INTERVIEW
INSURANCE
INSURANCE
REAL ESTATE
GOLD
CURRENCY

Trading Strategy for January 5, 2000

Sensex: Yesterday the Sensex crossed and closed above 5444 level decisively. It appears that it will try to touch 5620 or 5680. Above 5458, it can flare upto 5540 or 5585. Below 5485 it can slide to 5440.

Nifty: The level of 1625 is a trend-decider. On upper side it can flare upto 1656 or 1675. If it breaks 1625 it can slide to 1610.

Reliance: Buy with stop loss of Rs 265. It can flare upto Rs 280 or Rs 286. Below Rs 265 it can slide to Rs 258. Buy on every decline.

SBI: Buy with stop loss of Rs 253. It can flare upto Rs 269 or Rs 277. It can slide to Rs 245.

ITC: The level of Rs 716 is a trend-decider, It can flare upto Rs 733 or Rs 752. Buy this stock on every decline. It's ready to spurt heavily.

ACC: Buy above Rs 263 only. It can flare upto Rs 270 and thereafter don't remain short. On downside it can slide to Rs 252.

L&T: Buy with stop loss of 618. It can flare upto Rs 636 or Rs 648. On downside it can slide to Rs 606. Buy on every decline.

Ranbaxy: Buy with stop loss of Rs 1045. It can flare upto Rs 1095 or Rs 1122 if it trades above Rs 1065. Below Rs 1045 expect a free fall.

Satyam: Buy with stop loss of Rs 2520. It can flare upto Rs 2610 or Rs 2655. If it closes above Rs 2600 then it will try to touch Rs 2850 or Rs 3100 by month end.

Pentafour: Buy with stop loss of Rs 1538. It can flare upto Rs 1580 or Rs 1600. Major hurdle exists at Rs 1655. Below Rs 1538 it can slide to Rs 1515.

Zee: The level of Rs 1244 is a trend-decider. It can flare upto Rs 1310 or Rs 1340 if it trades above Rs 1275. If it breaks 1244 it can fall to Rs 1215.

Silverline: Buy with stop loss of Rs 918.It can flare upto Rs 960 or Rs 980. If it breaks Rs 918 expect a free fall.

Rolta: Buy with stop loss of Rs 466. It can flare upto Rs 486 or Rs 496. If it breaks Rs 466 it can slide to Rs 456.

Himachal: Buy with stop loss of Rs 770. It can flare upto Rs 810 or Rs 830. On downside it can slide to Rs 755.

Global: Buy with stop loss of Rs 1090. It can flare upto Rs 1145 or Rs 1170. On downside it can slide to Rs 1065.

HLL: Buy above Rs 2310 level. On downside it can slide to Rs 2257 or Rs 2205. Above Rs 2310 it can flare upto Rs 2365.

Digital: The level of Rs 1282 is a trend-decider. On upper side it can flare upto Rs 1330 or Rs 1355. On downside it can slide to Rs 1260.

Wockhardt: The level of Rs 1090 is a trend-decider. On upper side it can flare upto Rs 1150 or Rs 1180. On downside it can slide to Rs 1060.

Tata Tea: The level of Rs 556 is a trend-decider. On upper side it can flare upto Rs 567. On downside it can slide to Rs 540.

Siemens: The level of Rs 550 is a trend-decider, On upper side it can flare upto Rs 570 or Rs 590 level. On downside it can slide to Rs 530.

Moser Baer: It's a ready to explode. Above Rs 380 it can flare upto Rs 430 or Rs 500.

Stocks

Tell us what you think of this feature