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Trading Strategy for January 27, 2000

BSE Sensex: The level of 5385 is a trend-decider. It can flare upto 5415 and 5465. It can slide to 5335, 5300 or 5280. Black clouds in Sensex chart are indicating that any revival in Sensex stocks should be considered as an opportunity to exit.

S&P CNX Nifty: The level of 1593 is a trend-decider. It can slide to 1573 or 1560. It can flare upto 1607, 1617 or 1627.

ITC: The level of Rs 731 is a trend-decider. It can slide to Rs 713, Rs 694 or Rs 666. On upper side it will have to cross Rs 749, Rs 758 or Rs 768. Above Rs 768 don't remain short.

ACC: The level of Rs 200 is a trend-decider. It can slide to Rs 191 or Rs 185. It can flare upto Rs 206 and thereafter don't remain short. Instead of selling at these prices, traders can buy this stock.

Global Tele: Buy on declines. Buy with stop loss of Rs 1188. On upper side it can flare upto Rs 1255, Rs 1272 or expect a jump to Rs 1290. Below Rs 1188, it can slide to Rs 1170. Grab it in the morning session.

Himachal: The level of Rs 942 and Rs 973 are trend-deciders. It can flare upto Rs 1005, Rs 1023 or Rs 1040. Grab it in the morning.

Bajaj Auto: The level of Rs 379 is a trend-decider. It can flare upto Rs 388 or Rs 402. On downside it can slide to Rs 365 or Rs 356.

Pentamedia: The level of Rs 1276 is a trend-decider. It can flare upto Rs 1302 or Rs 1330. On downside it can slide to Rs 1247 and thereafter expect a free fall.

Zee: The level of Rs 1218 is a trend-decider. It can flare upto Rs 1236 and thereafter it can flare upto Rs 1260. On downside it can slide to Rs 1195. Buy this stock on every decline.

Satyam: The level of Rs 2800 is a trend-decider. It can flare upto Rs 2835 or Rs 2868. Thereafter don't remain short. On downside it can slide to Rs 2755.

Sterlite: Buy with stop loss of Rs 587 and Rs 581. On upper side it can flare upto Rs 620 or Rs 640. Below Rs 581, it can slide to Rs 567. Buy this stock.

BPL: The level of Rs 305 is a trend-decider. It can flare upto Rs 318, if it crosses Rs 311.50 and thereafter don't remain short. On downside it can slide to Rs 293 and thereafter expect a free fall.

Ranbaxy: The level of Rs 964 is a trend-decider. After crossing this level it can flare upto Rs 982 and thereafter don't remain short. On downside it can slide to Rs 940. Buy this stock on every decline.

BSES: The level of Rs 216 is a trend-decider. It can flare upto Rs 230 or Rs 238. On downside after breaking Rs 216 it can slide upto Rs 208.

Silverline: The level of Rs 854 is a trend-decider. It can flare upto Rs 870 or Rs 887. Below Rs 854 it can slide to Rs 835.

NIIT: A corrective rally had started. Traders can buy with stop loss of Rs 2764 and the last major support exists at Rs 2725. It can flare upto Rs 2880, Rs 2920 or Rs 2960.

Apollo Tyres: Buy with stop loss of Rs 209. It can flare upto Rs 222 or Rs 228. Buy this stock on every decline. Below Rs 209 it can slide to Rs 203.

Hindalco: Considering Rs 835 and Rs 828 as support levels, buy this stock. Above Rs 859 it can zoom to Rs 871 or Rs 883 and thereafter it will try to touch Rs 915.

Parke Davis: It is looking hot technically. Consider Rs 400 as a trend-decider. It can flare upto Rs 414 or Rs 430. It can slide to Rs 385.

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