NEWS
COLUMNISTS
STOCKS
MUTUAL FUNDS
TAX
INTERVIEW
REAL ESTATE
GOLD
CURRENCY

Trading Strategy for 3rd November 1999

Sensex: Above 4493 it can flare up to 4587, 4634 or expect a jump up to 4681 level. Below 4493 it can slide to 4400 and there after expect a free fall. Any revival should be considered as best opportunity to exit in sensex stocks. Index will have to cross 4700 and close above this level for three consecutive days then only think of real bull run other wise bears dominance will continue.

Nifty: Above 1333 level it can flare up to 1365 or expect a jump up to 1381. Corrective rally is on the way, so be cautious on upper side.

Reliance: Buy with stoploss of Rs 230 & Rs 227. On upper side it can flare up to Rs 240 or up to Rs 246. Buy this stock on every decline.

SBI: Buy with stoploss of Rs 240 & Rs 237 level. On upper side it can zoom up to Rs 252 or up to Rs 256. Below Rs 237 expect a free fall.

Tisco: Buy with stoploss of Rs 142, on upper side it can zoom up to Rs 153 or up to Rs 156. On downside it can slide to Rs 137 level.

ACC: Buy with stoploss of Rs 193, on upper side it can flare up to Rs 203 or up to Rs 209 level. Corrective rally, sell if revives! If it breaks Rs 193 it can slide to Rs 187 level.

ITC: Buy with stoploss of Rs 664 it can flare up to Rs 700 or up to Rs 723. If it breaks Rs 664 it can slide to Rs 641 level. If it revives sell!

Ranbaxy: Buy with stoploss of Rs 844 & consider Rs 825 as last major support for todays trading. On upper side it can flare up to Rs 904 if it crosses Rs 873. Corrective rally only.

Telco: Sell if revives! Above Rs 221 it will favour bulls only. If it remains above Rs 226 it can flare up to Rs 238 or up to Rs 243.50.

Satyam: Buy with stoploss of Rs 1,250 & with Rs 1,227. On upper side it can flare up to Rs 1,320 or up to Rs 1,343 or Rs 1,366 is also possible.

Silverline: Above Rs 376 it can flare up to Rs 395 or up to Rs 405. On downside it can slide to Rs 359 if it starts trading below Rs 359.

NIIT: Above Rs 2,224 it can flare up to Rs 2,313 or up to Rs 2,358. There after don't remain short. Below Rs 2,224 it can slide to Rs 2,134.

L&T: Buy with stoploss of Rs 382, on upper side it can flare up to Rs 408 or up to Rs 421.

Global Tele: Buy with stoploss of Rs 493, on upper side it can flare up to Rs 537 or up to Rs 551. Corrective rally starts!

Himachal Fut: Buy with stoploss of Rs 284, on upperside it can flare up to Rs 309 or expect upper freeze.

Zee Tele: If it crosses Rs 4,340, then it can flare up to Rs 4,541 or expect a jump up to Rs 4,660. On downside it can slide to Rs 4,140.

Monthly support & resistance
Gramaphone: Below Rs 316 it can slide to Rs 277 or to Rs 238. If it starts trading above Rs 316 it can flare up to Rs 355 or up to Rs 394. Consider Rs 394 as last major hurdle for this scrip. Buy on decline.

Orchid Chem: Three consecutive closes below Rs 217 will create havoc. Otherwise on upper side above Rs 236 it can flare up to Rs 263 or up to Rs 290 level. Consider Rs 290 as last major resistance.

Stocks

Tell us what you think of this feature