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Trading Strategy for November 23, 1999

Sensex: Index will oscillate in narrow range, for more details read weekly trading strategy. The level of 4627 is a trend decider, on upper side it can flare up to 4651 or up to 4665. On the downside it can slide to 4613 and there after expect a free fall.

Nifty: The level of 1370 is a trend decider, on upper side it can flare up to 1382 or up to 1390. On the downside it can slide to 1362.

SBI: The level of Rs 231 is a trend decider, on upper side it can flare up to Rs 236 or up to Rs 241. On the downside it can slide to Rs 226 and there after expect a free fall.

ITC: The level of Rs 764 is a trend decider, on upper side it can flare up to Rs 775 or up to Rs 791. On the downside it can slide to Rs 748.

L&T: The level of Rs 416 is a trend decider, on upper side it can flare up to Rs 424 or up to Rs 430. Major hurdle for this scrip exists at Rs 441.

M&M: The level of Rs 433 is a trend decider, on upper side it can flare up to Rs 446 or up to Rs 456. On the downside it can slide to Rs 423. Buy on every decline.

Ranbaxy: The level of Rs 925 is a trend decider, on upper side it can flare up to Rs 939 or up to Rs 948. On the downside it can slide to Rs 916.

Himachal Fut: Buy with stoploss of Rs 386, on upper side it can flare up to Rs 401 or up to Rs 409. On the downside it can slide to Rs 378 level. Above Rs 381 it will favour bulls only.

Global Tele: Buy with stop loss of Rs 525, on upper side it can flare up to Rs 545 or up to Rs 560. If it breaks Rs 525 then expect a slide to Rs 515.

Silverline: Buy with stop loss of Rs 469, on upper side it can flare up to Rs 480 or up to Rs 486. On the downside if it breaks Rs 469 then expect a fall to Rs 463 or to Rs 452.

Pentafour: The level of Rs 682 is a trend decider, on upper side it can flare up to Rs 698 or expect a jump up to Rs 708. On the downside it can slide to Rs 672.

Satyam: Above Rs 1,630 level it will favour bulls only. On upper side it can flare up to Rs 1,748, Rs 1,762 or up to Rs 1,776. Support exists at Rs 1,692.

Infosys: Buy with stop loss of Rs 9,125, on upper side it can flare up to Rs 9,295 (If it crosses and starts trading above Rs 9,210). Above Rs 9,295 it will zoom to Rs 9,400. Below Rs 9,125 it can slide to Rs 9,030.

Zee Tele: Buy with stop loss of Rs 5,425, on upper side it can flare up to Rs 5,570 (If it remains above Rs 5,497 level). Above Rs 5,570 it can easily flare up to Rs 5,607 or Rs 5645 is also possible.

NIIT: Buy above Rs 2,503, after crossing this level it can flare up to Rs 2,590 and there after don't remain short. On the downside it can slide to Rs 2,406.

Cipla: Buy on every decline. On upper side it can flare up to Rs 1,496 or up to Rs 1528. Buy with stop loss of Rs 1448, if it breaks this level then it can slide to Rs 1416.

CyberTech: Buy with stop loss of Rs 649, on upper side it can flare up to Rs 673 or up to Rs 685. On the downside it can slide to Rs 637, for more details read weekly trading strategy.

Sandesh: Have an eye on Rs 196 level, cross over above this level will take the scrip up to Rs 231 or Rs 267 level, by this month end. For today's trading above Rs 187 it is 100 per cent risk free buy! On upper side it can flare up to Rs 198 or up to Rs 204 or expect upper freeze too.

Jain Studio: Above Rs 219 it will favour bulls only. On upper side it can flare up to Rs 256 or up to Rs 295 level by this month end.

Pentafour Comm: Above Rs 266 it will show its real strength, so have an eye on Rs 266 level.

Gramaphone: Last and final hurdle exists at Rs 394, above this level expect real fire works. Scrip will cross Rs 1,000 mark in the next 12 months)

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