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Trading Strategy for 28th October 1999

Sensex: The level of 4763 is a trend decider, on upper side it can flare up to 4817 or up to 4878 level. On downside it can slide to 4702 level. Rock bottom is 4682 level. Chances are very bright that from today midsession onwards market will take a U-turn

Nifty: The level of 1417 is a trend decider, on upper side it can flare up to 1433 or up to 1444 level. On downside it can slide to 1397 or 1391 level.

Reliance: The level of Rs 253 is trend decider, on upper side it can flare up to Rs 258 or up to Rs 265 level. On downside it can fall to Rs 246 level. Buy this stock on every decline.

SBI: The level of Rs 256 is a trend decider, on upper side it can flare up to Rs 262or up to Rs 269 level. On downside it can slide to Rs 249 level.

ACC: Sell if revives! With stoploss of Rs 231, on downside it can slide to Rs 217 or to Rs 210 level. If it is able to cross Rs 231 then it can flare up to Rs 238 level.

HLL: The level of Rs 2,394 is a trend decider, on upper side it can flare up to Rs 2,498 and there after don't remain short. If it breaks Rs 2,394 then it can slide to Rs 2,360 level.

Tisco: Buy above Rs 162 level only, on downside it can slide to Rs 153. If it crosses Rs 162 then it can flare up to Rs 167 level, and there after don't remain short. (For medium term the outlook is very fantastic, start acclumating small baby: SAIL)

ITC: The level of Rs 791 is a trend decider, on upper side it can flare up to Rs 802 or up to Rs 818 level. On downside it can slide to Rs 775 level.

Satyam: Buy above Rs 1,365 level, on downside it can slide to Rs 1,310 or to Rs 1,280 level. If it is able to cross Rs 1,365 then it can flare up to Rs 1,395.

Pentafour: Buy with stoploss of Rs 683 level. On upper side it can flare up to Rs 721 or up to Rs 742 level. On downside it can slide to Rs 662 level.

Silverline: Buy above Rs 430 level only. On upper side it can flare up to Rs 445 (if it crosses Rs 437.50 level). There after don't reamin short. On downside it can slide to Rs 411.

Global Tele: Buy above Rs 622 level only. On downside it can slide to Rs 602 level. On upper side after crossing Rs 634 it can flare up to Rs 654 level.

Telco: Buy with stoploss of Rs 257, on upper side after crossing Rs 275 it can flare up to Rs 286 level.

NIIT: The level of Rs 2,243 is a trend decider, on upper side it can flare up to Rs 2,272 or up to Rs 2,301 level. There after don't remain short. On downside it can slide to Rs 2,161 level.

Zee Tele: It will face resistance at Rs 5,221 or at Rs 5,272 level. On downside it can slide to Rs 5,054 level and there after expect a free fall.

L&T: Buy above Rs 412 level. On downside it can slide to Rs 398 or to Rs 388 level. On upper side after crossing Rs 412 it can flare up to Rs 422 and there after dont remain short.

Ranbaxy: For todays trading it should cross Rs 985 level then only it will show its power. On downside it can slide to Rs 944 level, if it breaks Rs 964 level, there after expect a free fall.

Infosys: The level of Rs 7,568 level is a trend decider, on the downside it can slide to Rs 7,411 level, if it breaks 7489 level. Above Rs 7,568 level it can flare up to Rs 7,617 level.

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