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Trading Strategy for 5th October 1999

Worst bottom exists at 4546 & 1352 LEVEL

Sensex: The level of 4698 is a trend decider, on upper side it can flare up to 4740 level. On downside it can slide to 4615 or to 4573 level.

Nifty: On downside it can slide to 1356 or expect a intra -day fall to 1344 level. On upper side if trades above 1368 level, then it can jump up to 1380 and consider this as the last major hurdle.

Relaince: Buy above Rs 234 level only, on downside it can slide to Rs 227 or to Rs 224 level. Buy on every decline. Above Rs 234 it can jump up to Rs 237 level.

SBI: Buy above Rs 212 level, on upper side it can flare up to Rs 215 level. On downside it can slide to Rs 206 or to Rs 203 level.

Ranbaxy: Buy above Rs 1006 level only, on upper side it can flare up to Rs 1023 level. On downside it can slide to Rs 972 or to Rs 955 level.

NIIT: On downside it can slide to Rs 2674 or to Rs 2606 level. Above Rs 2740 level it can touch Rs 2807 level, and it is the last hurdle for this scrip. Buy this stock on every decline.

Silverline: Buy if it starts trading above Rs 379 level, on downside it can slide to Rs 365 or to Rs 348 level. On upper side it can jump up to Rs 386 level.

HCL-HP: Buy above Rs 507 level only after that it will show its strength. On downside it can slide to Rs 470 or expect a free fall to Rs 451 level.

Gramaphone: The level of Rs 470 is a trend decider, on the downside it can slide to Rs 435 or to Rs 418 level. On upper side after crossing this level it can zoom up to Rs 487 level. Buy this stock on every decline.

Apollo Tyre: Buy with stoploss of Rs 198, on upper side if it is able to cross Rs 210 level then it can jump up to Rs 216 level, there after don't remain short. Buy on every decline.

Sterlite: Buy above Rs 426 level, on upper side it can jump up to Rs 433 level. On downside it can slide to Rs 413 or to Rs 406 level.

Satyam: Buy this stock above Rs 1140 level only. If it is able to cross this level then it can jump up to Rs 1152 level. On downside it can slide to Rs 1118 or to Rs 1106 level.

Zee Tele: The level of Rs 4400 is a trend decider, on upper side it can flare up to Rs 4535 or up to Rs 4640 level. On downside it can slide to Rs 4295.

Global Tele: Buy above Rs 518, on upper side it can jump up to Rs 537 level. On downside it can slide to Rs 481 level. Buy on every decline.

Tisco: Buy on every decline.

ITC: Buy above Rs 809 level, on downside it can slide to Rs 785 or to Rs 771 level. Dont go short at this level.

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