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Trading Strategy for 26th October 1999

4730 & 1392 are rock bottom support

Sensex: The level of 4831 is a trend decider, on upperside it can flare up to 4864 or up to 4897 level. On the downside it can slide to 4750, if it breaks 4790, the level of 4730 is a last major support. Previoulsy also, I had mentioned many times that on going price of Software, Pharma and FMCG are really manipulative, and traders can see what had happened yesterday? Try to exit if they revive.

Nifty: The level of 1429 is a trend decider, on upper side after crossing this level it can flare up to 1438 or up to 1448 level. On downside it can slide to 1416 or up to 1403 level.

Tisco: The level of Rs 168 is a trend decider, on upper side it will face resistance at Rs 172, if it crosses this level then only expect another bout of buying, but then also it can run up to Rs 176. On downside it can slide to Rs 164.

Telco: Buy this scrip above Rs 305, for risk free trading! Above Rs 295 it will favour bulls only. Suppose it breaks Rs 295 then it can slide to Rs 288.

L&T: The level of Rs 428 is a trend decider, on upperside it can flare up to Rs 441 or up to Rs 450. On downside it can slide to Rs 419.

Ranbaxy: Sell with stoploss of Rs 1007, on downside it can slide to Rs 969 or to Rs 948 level, if it breaks and starts trading below Rs 988. Above Rs 1007 it can zoom up to Rs 1028.

Satyam: There is no SATYA (Truth), in this scrip price and it is 100 % manipulative only. If it trades below Rs 1,347 it can slide to Rs 1,297 or to Rs 1,250. Above Rs 1,347 it can flare to and will face strong resistance at Rs 1398.

Zee Tele: Buy above Rs 5,548 level only, on upperside it can flare up to Rs 5,672 or up to Rs 5,797. On downside it can slide to Rs 5,402 or up to Rs 5,256.

HLL: Expect a corrective rally! The level of Rs 2,300 is a trend decider, on upper side it can flare up to Rs 2,365 or up to Rs 2,420 level. On downside it can slide to Rs 2,272 or to Rs 2,245 if it remains below Rs 2,300.

SBI: The level of Rs 268 is a trend decider, on upper side it can flare up to Rs 273 or up to Rs 275 level. On downside the scrip can slide to Rs 264 level.

Global Tele: Buy above Rs 656 level, on downside it can slide to Rs 622 or to Rs 601. If it is able to cross Rs 656 then it can flare up to Rs 677 level.

Tata Tea: The level of Rs 627 is a trend decider, on upper side it can flare up to Rs 639 or up to Rs 655. Below Rs 627 it can slide to Rs 611.

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