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Trading Strategy for November 9, 1999

Sensex: The level of 4658 is a trend decider, on upper side it can flare up to 4674 or up to 4698. On downside it can slide to 4635 or expect a fall to 4618. Index will have to cross 4740 and should close above 4700 level for three consecutive days then only think about real bull run.

Nifty: The level of 1371 is a trend decider, on upper side it can flare up to 1376 or up to 1385. On the downside it can slide to 1362 or expect a free fall to 1357.

ITC: The level of Rs 738 is a trend decider, on upper side it can flare up to Rs 745 or up to Rs 751. Laxman Rekha for this scrip exists at Rs 762. On downside it can slide to Rs 725.

Tata Tea: The level of Rs 555 is a trend decider, on upper side it can flare up to Rs 570 or up to Rs 580. On downside it can slide to Rs 546 and there after don't remain long. Scrip will have to cross & close above Rs 581 then only think of long postion, otherwise go short.

Digital Equip: Buy with stoploss of Rs 658, on upper side it can flare up to Rs 678 or up to Rs 698. Close above Rs 684 will create all round buying.

Infosys: Have an eye on Rs 8,102, on upper side after crossing this level it can flare up to Rs 8,170 or up to Rs 8,217. On the downside it can slide to Rs 8,053 or to Rs 8,005.

Silverline: The level of Rs 439 is a trend decider, on upper side it can flare up to Rs 450 or up to Rs 456. Crossover above Rs 456 will take the scrip straight up to Rs 488. Below Rs 439 it can slide to Rs 433 and consider Rs 425 as the last major support.

Penatfour: Buy with stoploss of Rs 704, on upper side it can flare up to Rs 733 or up to Rs 747. On the downside it can slide to Rs 690.

Satyam: The level of Rs 1,540 is a trend decider, on upper side it can flare up to Rs 1,557 or up to Rs 1,573. On the downside it can slide to Rs 1,524 and there after don't remain long.

Zee Tele: The level of Rs 4,507 is a trend decider, on upper side it can flare up to Rs 4,564 or up to Rs 4,590. On the downside it can slide to Rs 4,454.

L&T: The level of Rs 422 is a trend decider, on upper side it can flare up to Rs 427 or up to Rs 434. On the downside it can slide to Rs 415 level. Buy this stock on every decline.

NIIT: The level of Rs 2,467 is a trend decider, on upper side it can flare up to Rs 2,484 or up to Rs 2,506. On the downside it can slide to Rs 2,445.

HCL-HP: The level of Rs 455 is a trend decider, on upper side it can flare up to Rs 468 or up to Rs 478. On the downside it can slide to Rs 445.

Global Tele: The level of Rs 557 is a trend decider, on upper side it can flare up to Rs 574 or up to Rs 586. On the downside it can slide to Rs 545.

Himachal Fut: Buy with stoploss of Rs 430, on upper side it can flare up to Rs 444 or up to Rs 451 level. Buy on every decline!

Siemens: Buy on every decline! Buy with stoploss of Rs 430, on upper side it can flare up to Rs 444 or up to Rs 451. Above Rs 458 it will zoom up to Rs 488 in hours only. Above Rs 428 it will favour bulls only.

Ranbaxy: Buy above ra 970 level, on upper side it can flare up to Rs 984 or up to Rs 1,002. On the downside it can slide to Rs 952 or to Rs 938. 100% Manipulative scrip, so be cautious on upper side.

Atlas Copco: Above Rs 217 it will favour bulls only. On upper side it can flare up to Rs 243 or up to Rs 270 level in this month itself. For today's trading have a stop loss of Rs 217, on upper side it can zoom up to Rs 224 or up to Rs 229. Below Rs 217 it can slide to Rs 212.

Krone Comm: Above Rs 264 it will favour bulls only. On upper side it can flare up to Rs 278 or up to Rs 286 level, consider this level as last major hurdle. Buy on every decline.

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