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Trading Strategy for 23rd & 25th October 1999

Sensex: The level of 4789 is a trend decider, on upperside it can flare up to 4823 or up to 4860 level. On downside it can slide upto 4750 or upto 4716 level. In any circumstance it should not break 4730 and should not close below 4682.

Nifty: The level of 1433 is a trend decider, on upper side it can flare up to 1445. On downside it can slide to 1422,consider this level as last major support level. There after expect a free fall in all Nifty based stocks (Level valid for Satrurday's trading only)

Reliance: The level of Rs 261 is a trend decider, on upperside it can flare up to Rs 265 or up to Rs 269 level. On downside it can slide to Rs 257 level. Buy on every decline.

SBI: Buy with stoploss of Rs 255, on upper side it can flare up to Rs 264 or up to Rs 269.

ITC: Considering Rs 746 as rock bottom, traders can buy this stock. Crossover above Rs 774 can take the scrip up to Rs 786 or up to Rs 802 level. On downside it can slide to Rs 758.

Tisco: Buy with stoploss of Rs 154, on upper side it can zoom up to Rs 165 or up to Rs 170. Close above Rs 164 will create all round heavy buying in this scrip. (Dont look at fundamentals. Technically this scrip is virgin and is ready to take off).

Satyam: The level of Rs 1,473 is a trend decider, on the upper side it can flare up to Rs 1,496 or up to Rs 1,520, there after don't remain short. On the downside it can slide to Rs 1,444 or to Rs 1,416.

L&T: The level of Rs 428 is a trend decider, on the upper side it can flare up to Rs 436 or up to Rs 445. On the downside it can slide to Rs 419.

Ranbaxy: Buy above Rs 1,027 level only. On the downside it can slide to Rs 992 or to Rs 968. If able to cross Rs 1,027 then it can jump up to Rs 1,051.

Global Tele: The level of Rs 670 is a trend decider, on the upper side it can flare up to Rs 685 or up to Rs 712. On the downside it can slide to Rs 644 or to Rs 629.

Himachal Fut: The level of Rs 336 is a trend decider, on the upper side it can flare up to Rs 349. On the downside it can slide to Rs 324 or to Rs 311.

Zee Tele: Buy with stoploss of Rs 5,353, which is a trend decider, on the upper side it can flare up to Rs 5,553 or up to Rs 5,675. If it closes above Rs 5,473, on the upper side it can flare up to Rs 5,974.

NIIT: Buy above Rs 2,180 level, on the downside it can slide to Rs 2,070 or to Rs 2,000. Considering Rs 1,930 as rock bottom start buying this scrip. If it revives from this level, dear Investors (Firm followers of fundamentals) are advised to offload their holdings.

Silverline: The level of Rs 476 is a trend decider, on the downside it can slide to Rs 463 or to Rs 453. On the upper side it can flare up to Rs 486.

Infosys: Buy above Rs 7,214 level only. On the downside it can slide to Rs 7,077 or to Rs 6,983. Above Rs 7,214 it can flare up to Rs 7308. Sell if revives.

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