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Trading Strategy for 13th October 1999

Sensex: The level of 5050 is a trend decider, on upper side it can flare up to 5075 or up to 5105 level. On downside it can slide to 5023 or to 5000 level, there after free fall is also possible.

Nifty: The level of 1484 is a trend decider, on upper side it can flare up to 1495 or up to 1504 level. On downside it can slide to 1475 level. There after expect a free fall to 1464 level.

ITC: Buy above Rs 817 only, on downside it can slide to Rs 799 or to Rs 787. If it crosses Rs 817 then it can flare up to Rs 829.

ACC: Buy with stop loss of Rs 223, on upper side it can flare up to Rs 236 and there after don't remain short. Above Rs 229 the scrip will favour bulls only. On downside if it breaks Rs 223 it can slide to Rs 217.

SBI: Buy with stop loss of Rs 257, on upper side it can flare up to Rs 265 or up to Rs 270 level. If it breaks Rs 257 then expect a fall to Rs 252.

Silverline: Buy with stoploss of Rs 464, on upper side it can zoom up to Rs 475 or up to Rs 480. On downside if it breaks this level then it can slide to Rs 459.

Infosys: Buy this scrip above Rs 8,167 only, on downside it can slide to Rs 8,034 and there after don't remain long at this counter. If it crosses this level then it can jump up to Rs 8,244.

Global Tele: Buy with stop loss of Rs 672, on upper side it can flare up to Rs 714 or up to Rs 739.

DSQ: Buy with stop loss of Rs 332, on upper side it can flare up to Rs 361 or up to Rs 375. On downside it can slide to Rs 318.

Zee Tele: Buy this scrip above Rs 5,165 only. On downside it can slide to Rs 5,010 or to Rs 4,920 level. If it crosses Rs 5,165 it can flare up to Rs 5,255.

Gramaphone: Buy with stoploss of Rs 449, on upper side it can flare up to Rs 480 or up to Rs 495.

L&T: The level of Rs 388 is a trend decider, on upper side it can flare up to Rs 398 or up to Rs 405. On downside it can slide to Rs 381 level.

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