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Trading Strategy for 11th October 1999

Sensex: The level of 5008 is a trend decider, on upperside it can flare up to 5062 and there it can jump up to 5102 level. On downside it can slide up to 4927 or expect a fall to 4873 level, if it breaks and starts trading below 4967 level.

Nifty: The level of 1481 is a trend decider, on upperside it can flare up to 1499 or up to 1509 level. On downside it can slide upto 1470 or to 1460 level.

RIL: Buy this scrip above Rs 244 level only, on upper side after crossing this level it can jump up to Rs 248 level. On downside it can slide to Rs 236 or expect a free fall to Rs 232 level.

SBI: Buy with stoploss of Rs 245, on upper side it can flare up to Rs 256 or up to Rs 262 or Rs 269 is also possible. On downside it can slide to Rs 240 level.

Global Tele: Buy with stoploss of Rs 591, on upper side it can flare up to Rs 625 or up to Rs 642 level. If it breaks Rs 591 level...then expect a free fall.

Silverline: Buy with stoploss of Rs 436 level, on upper side it can flare up to Rs 456 or up to Rs 467 level. If it breaks Rs 436 then it can slide to Rs 425 level.

Ranbaxy: Buy with stoploss of Rs 1131 is a trend decider, on upper side it can flare up to Rs 1184 or up to Rs 1210 level.

Satyam: Once it starts trading above Rs 1323 level it can zoom up to Rs 1350 or up to Rs 1386 level. On downside it can slide to Rs 1287 level.

Tisco: Buy with stoploss of Rs 154, on upper side it can flare up to Rs 163 or up to Rs 167 level.

Wockhardt: The level of Rs 647 is a trend decider, on upper side it can flare up to Rs 670 or up to Rs 692 level. On downside it can slide to Rs 625, grab this scrip

Infosys: Buy this scrip above Rs 8,285 level only, on upper side it can flare up to Rs 8,427 or up to Rs 8,570 level. On downside it can slide to Rs 7850 or expect a free fall to Rs 7565 level. Minor support exists between Rs 7850 & Rs 8285 is Rs 8067 level.

Zee Tele: Buy with stoploss of Rs 5,142 level. On upperside it can flare up to Rs 5,258 or up to Rs 5,311 level. On downside it can slide to Rs 5,089 or up to Rs 5,036 level.

NIIT: Buy with stoploss of Rs 3,126 & consider Rs 3,089 as rock bottom price. On upper side it can flare up to Rs 3,238 or up to Rs 3,313 level.

Himachal Fut.: Buy with stoploss of Rs 273, on upper side it can flare up to Rs 281, Rs 285 or Rs 297 is also possible. On downside it can slide to Rs 269 level.

ACC: Buy with stoploss of Rs 214, on upper side it can flare up to Rs 224 or up to Rs 231 level. If it breaks Rs 214 then it can slide to Rs 207 level.

L&T: The level of Rs 291 is a trend decider, on upper side it can jump up to Rs 399 or up to Rs 405 level. If it trades below Rs 391 it can slide to Rs 381 level.

HDFC: The level of Rs 296 is a trend decider, on upper side it can flare up to Rs 308 level. If it trades below Rs 296 it can slide to Rs 286 level.

Gramaphone: The level of Rs 445 is a trend decider, on upper side it can flare up to Rs 464 or up to Rs 482 level. Buy on every decline.

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