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Trading Strategy for Decmber 28, 1999

Sensex: The level of 4850 is a trend decider. On the downside it can slide to 4980 or expect a free fall to 4741. Above 4850 expect a jump up to 4885. Try to exit from sensex based stocks.

Nifty: The level of 1440 is a trend decider. On the downside it can slide to 1420 or up to 1405. If it crosses 1440 it can flare up to 1452.

ACC: The levels of Rs 271 and Rs 274 are resistance. On the downside it can slide to Rs 253 or expect a fall to Rs 248.

ITC: The level of Rs 677 is a trend decider. On upper side it can flare up to Rs 692 level. On the downside it can slide to Rs 650 or to Rs 642.

Satyam: The level of Rs 2,008 and Rs 1,988. On upper side it can flare up to Rs 2,076 level, if it crosses Rs 2,042. Above Rs 2,076 it can zoom up to Rs 2,120. If it breaks Rs 1, 988 it can slide to Rs 1,966.

Pentafour: Buy above Rs 1,325 only. On the downside it can slide to Rs 1,255 or to Rs 1,220. Above Rs 1,325 it can flare up to Rs 1,355 level.

Rolta: Buy above Rs 379 level only. On the downside it can slide to Rs 358 or to Rs 348. Above Rs 379 it can flare up to Rs 390.

Silverline: Buy above Rs 731 and Rs 738. On the downside it can slide to Rs 692 and there after expect a free fall to Rs 680.

Zee Tele: The level of Rs 990 is a trend decider. On upper side it can flare up to Rs 1,045 and there expect real firework and scrip can shoot up to Rs 1,060 or up to Rs 1,078.

DSQ: The level of Rs 870 is a trend decider. On upper side it can flare up to Rs 890. On the downside it can slide to Rs 840 or to Rs 820.

Infosys: The level of Rs 12,650 is a trend decider. On upper side it can flare up to Rs 12,825 or up to Rs 13,000. On the downside it can slide to Rs 12,300.

NIIT: The level of Rs 2,910 is a trend decider. On upper side it can flare up to Rs 3,000 and there after don't remain short. On the downside it can slide to Rs 2,820 and there after expect a free fall.

WIPRO: The level of Rs 2,375 is a resistance level. On the downside it can slide to Rs 2,275 or to Rs 2,238 or Rs 2,200. Above Rs 2,375 it can flare up to Rs 2,412 or up to Rs 2,450.

DIG.EQUIP: Buy with stop loss of Rs 1,105 and Rs 1,095. On upper side it can flare up to Rs 1,165 or up to Rs 1,196. If it breaks Rs 1,095 it can slide to Rs 1,080 and there after expect a free fall. Himachal Fut: Buy above Rs 559 and Rs 565 only. On the downside it can slide to Rs 536 or to Rs 523.

Global Tele: Sell if revives with stop loss of Rs 920. On the downside it can slide to Rs 872 or to Rs 860. Above Rs 920 it can flare up to Rs 933.

L&T: The level of Rs 480 is a trend decider. On upper side it can flare up to Rs 490 and there after don't remain short. On the downside it can slide to 462 or to Rs 450. Buy on every decline.

Ranbaxy: The level of Rs 936 is a trend decider. On the downside it can slide to Rs 908 or to Rs 890. Above Rs 936 it can flare up to Rs 952.

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