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Trading Strategy for Decmber 27, 1999

Sensex: The level of 4900 is a trend decider. On upper side it can flare up to 4955 or up to 4996. On the downside it can slide to 4820, if it breaks 4860. Below 4820 level expect free fall in all sensex counters.

Nifty: The level of 1467 is a resistance level, if it starts trading above 1467 it can flare up to1474 or up to 1481. On the downside it can slide to 1444 and there after expect a free fall, if it starts trading below 1455 level, then also panic will start.

ITC: The level of Rs 689 and Rs 703 are trend deciders. On upper side after crossing Rs 703 it can flare up to Rs 717 or up to Rs 730. On the downside it can slide to Rs 676 and there after don't remain long. Read more details in weekly trading strategy.

Ranbaxy: Buy above Rs 937 and Rs 946 levels. On the downside it can slide to Rs 913 and there after expect a free fall to Rs 895 or to Rs 872. Try to exit on upper levels.

L&T: The level of Rs 466 is a trend decider. On upper side it can flare up to Rs 487 and there after it can zoom up to Rs 495 level. On the downside it can slide to Rs 457 level. Buy this stock on every decline.

HCL-HP: The level of Rs 646 is a trend decider. On upper side it can flare up to Rs 665 or up to Rs 685. On the downside it can slide to Rs 613 and there after expect free fall. Below Rs 629 expect heavy selling pressure.

Satyam: The levels of Rs 1,998 and Rs 2,018 are resistance levels. On the downside it can slide to Rs 1,974, Rs 1,955 and there after it can slide to Rs 1,932 level.

Pentafour: The levels of Rs 1,413 and Rs 1,427 are crucial resistance levels. On the downside it can slide to Rs 1,366, Rs 1,340 or to Rs 1,315. Above Rs 1,427 it can flare up to Rs 1,445.

Zee Tele: Buy this stock on every decline. The level of Rs 954 is a trend decider. On upper side it can flare up to Rs 972 or up to Rs 990. On the downside it can slide to Rs 935. Read more details in weekly trading strategy.

Global Tele: Buy above Rs 964. On upper side after crossing this level it can zoom up to Rs 990 and there after don't remain short. On the downside it can slide up to Rs 925 or up to Rs 900.

Himachal Fut: The level of Rs 580 is a trend decider. On upper side it can flare up to Rs 600 and there after it can zoom up to Rs 612. On the downside it can slide to Rs 555 and there after expect a free fall.

Infosys: The levels of Rs 12,833 and Rs 12,705 are support levels. If it breaks both these levels then it can slide to Rs 12,650 or up to Rs 12,466 and there after expect a free fall. On upper side it can flare up to Rs 13,250. If its crosses Rs 12,961. Be cautious in this scrip, it has formed a rising wedge in weekly chart. So expect some bad news or heavy selling in coming days.

ACC: The level of 287 is a trend decider. On upper side it can flare up to Rs 300 or expect upper freeze. On the downside it can slide to Rs 271.

Dig. Equip: The level of Rs 1,027 is a trend decider. On upper side it can flare up to Rs 1,075 or up to Rs 1,098. On the downside it can slide to Rs 1,005.

Gujarat Ambuja Cement: Sell with stop loss of Rs 381. On the downside it can slide to Rs 342 or to Rs 335. Above Rs 381 it can flare up to Rs 392.

Sterlite: The level of 394 is a trend decider. On upper side it can flare up to Rs 403 and there after don't remain short. On the downside it can slide to Rs 378 or to Rs 370.

Rolta: The level of Rs 406 is a trend decider. On upper side it can flare up to Rs 417 level. On the downside it can slide to Rs 392 and there after expect a free fall.

Silverline: The level of Rs 771 is a trend decider. On the downside it can slide to Rs 743 or up to Rs 723. On upper side it can flare up to Rs 790 or up to Rs 820.

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