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Trading Strategy for Decmber 2, 1999

Sensex: The level of 4535 is a monthly support. On upper side it will have to close above 4696 level for three consecutive days, then only it can flare up to 4860. On the downside it can slide to 4300 and there after expect a free fall. (Remember these levels will work up to December end)

Nifty: The level of 1345 is a trend decider for December. On upper side it can flare up to 1397, and three consecutive close above this level will take Nifty up to 1450. On the downside if it breaks and closes below this level for three consecutive three consecutive close then it can slide up to 1308 or expect free fall up to 1272 level. -Monthly Level for Nifty.

For today's trading the level of 1388 is a trend decider. On upper side it can flare up to 1401. On the downside it can slide to 1375 or expect a free fall up to 1368 or 1362 is also possible.

ITC: Buy above Rs 710 level only. On the downside it can slide to Rs 695 or to Rs 685. Above Rs 710 it can jump up to Rs 720.

Ranbaxy: Buy above Rs 1,015 level only. On upper side after crossing this level it can flare up to Rs 1,036 or up to Rs 1,050. On the downside it can slide to Rs 986 and there after expect a free fall.

Himachal Fut: Buy above Rs 428. On the downside it can slide to Rs 409 and there after expect a free fall. On upper side after crossing Rs 428 it can flare up to Rs 438.

Infosys: Buy above Rs 9,313 level only. On the downside it can slide to Rs 9,139 or up to Rs 8,966. Above Rs 9,313 it can flare up to Rs 9,470 or up to Rs 9,625.

Pentafour: The level of Rs 876 is a trend decider. On upper side it can flare up to Rs 928 and there after don't remain short. On the downside it can slide to Rs 847 or expect a fall up to Rs 818.

Satyam: Buy with stop loss of Rs 1,950. On upper side it can flare up to Rs 2,005 or expect a jump up to Rs 2060. On the downside it can slide to Rs 1,905 or to Rs 1,860.

Zee Tele: The level of Rs 6,285 is a trend decider. On upper side it can flare up to Rs 6,557. Consider this level as a major hurdle. On the downside it can slide to Rs 6,014 and there after expect a free fall to Rs 5,878.

Silverline: Buy if it trades above Rs 583 level, other wise sell! On the downside it can slide to Rs 563 or expect a fall to Rs 543. Above Rs 583 it can flare up to Rs 596 or up to Rs 610.

Rolta: Buy above Rs 210. On the downside it can slide to Rs 200 or to Rs 193. Above Rs 210 it can flare up to Rs 217.

Global Tele: Buy above Rs 678 only. On the downside it can slide to Rs 645 if it breaks and starts trading below Rs 661. Below Rs 645 expect a free fall.

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