NEWS
COLUMNISTS
STOCKS
MUTUAL FUNDS
TAX
INTERVIEW
REAL ESTATE
GOLD
CURRENCY

Trading Strategy for November 17, 1999

Sensex: It was clearly mentioned in weekly trading strategy, that the Senses will get support at 4557 level, consider this as last major support. There after expect free fall and expect heavy selling too. For today's trading 4572 is a trend decider, on upper side it can flare up to 4592 or up to 4611 level. On downside if it breaks 4557 then it can slide to 4533. 20DMA should be consider major hurdle i.e (4646 point)

Nifty: The level of 1358 is a trend decider, on upper side it can flare up to 1364 or up to 1367. On downside it can slide to 1355 and there after expect a free fall to 1348.

ITC: The level of Rs 750 is a trend decider, on upper side it can flare up to Rs 760 or up to Rs 773. On downside it can slide to Rs 737 or to Rs 727.

Ranbaxy: The level of Rs 971 is a trend decider, on upper side it can flare up to Rs 985 or up to Rs 999. On downside it can slide to Rs 957 and if it starts trading below this level then it can slide to Rs 943.

M&M: Buy on every decline, its a rocket and anytime it will take off. The level of Rs 378 is a trend decider, on upper side it can flare up to Rs 389 or up to r s407. On downside it can slide to Rs 370.

Tata Tea: The level of Rs 524 is a trend decider, on upper side it can flare up to Rs 535 or up to Rs 541. On downside it can slide to Rs 518 or to Rs 507.

Satyam: The level of Rs 1,609 is a trend decider, on upper side it will have to cross Rs 1,630 then only it will show. On the downside it can slide to Rs 1,592 and there after expect a free falll.

Pentafour: The level of Rs 697 is a trend decider, on upperside it can flare up to Rs 722 or expect a jump up to Rs 752. On downside it can slide to Rs 667 level.

Silverline: The level of Rs 448 is a trend decider, on upper side it can flare up to Rs 461 or up to Rs 470. On downside it can slide to Rs 439 and there after expect a free fall.

Infosys: The level of Rs 8,164 is a trend decider, on upper side it can flare up to Rs 8,206 or up to Rs 8,248 level. On downside it can slide to Rs 8077.

Zee Tele: The level of Rs 5,205 is a trend decider, on the upper side it can flare up to Rs 5,257 or up to Rs 5,310. On the downside it can slide to Rs 5,157 or expect a level of Rs 5,110.

Himachal Fut: The level of Rs 344 is a trend decider, on upper side it can flare up to Rs 360 or up to Rs 375. On downside it can slide to Rs 329.

ABB: Buy with stoploss of Rs 458, on upper side it can flare up to Rs 491 or up to Rs 510.

MICO: Looking very hot! Considering Rs 5,682 as support level grab this scrip. On the upper side it can flare up to Rs 5,799 or up to Rs 5,857. Expect some excellent news, watch this countr very closely.

VSNL: Considering Rs 1,502 as support level, buy this stock. On upper side it can flare up to Rs 1,598 or up to Rs 1,646. Have an eye on Rs 1,550. On downside it can slide up to Rs 1,454.

DSQ Soft: The level of Rs 401 is a trend decider, on upper side it can flare up to Rs 415 or up to Rs 428. Be aware in taking long postion without strict stoploss...scrip had formed rising wedge...open chart and see with your naked eyes.On downside it can slide to Rs 384.

Hughes Soft: Considering Rs 1,425 as suport level, buy this stock. On upper side it can flare up to Rs 1,498 or up to Rs 1,541. On downside it can slide to Rs 1,382.

Stocks

Tell us what you think of this feature