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Trading Strategy for January 7, 2000

BSE Sensex: The level of 5432 is a trend decider. On upper side it can flare up to 5465 or up to 5510. On the downside it can slide to 5390 or to 5355.

S&P CNX Nifty: The level of 1617 is a trend decider. On upper side it can flare up to 1628 or to 1640. On the downside it can slide to 1606 or to 1596.

Reliance: The level of Rs 293 is a trend decider. On upper side it can flare up to Rs 299 or to Rs 305. Crossover above Rs 305 will take the scrip up to freeze level. On the downside it can slide to Rs 288 or to Rs 286. Scrip to cross Rs 500 mark in the coming four months.

SBI: The level of Rs 259 is a trend decider. On upper side it can flare up to Rs 267 and there after it may flare up trs o 271. On the downside it can slide to Rs 255 or to Rs 250.

L&T: The level of Rs 587 is a trend decider. On upper side it can flare up to Rs 600 or up to Rs 612. Below Rs 577 it can slide to Rs 564.

Ranbaxy: (Monthly support and resistance levels: Last Major support exists at Rs 911, if it breaks and closes below this level it can slide to Rs 827. Major resistance exists at Rs 995). For today's trading, buy with stop loss of Rs 957. On the downside it can slide to Rs 932 or to Rs 907. Above Rs 957 it can flare up to Rs 975.

Global Tele: The level of Rs 1,060 is a trend decider. On upper side it can flare up to Rs 1,099 or to Rs 1,117. On the downside it can slide to Rs 1,041 or to Rs 1,023.

Himachal Fut: Buy with stop loss of Rs 775. On upper side it can flare up to Rs 820 or up to Rs 843. Below Rs 775 it can slide to Rs 763 or to Rs 752. Buy on every decline.

Zee Tele: The level of Rs 1,135 is trend decider. On upper side it can flare up to Rs 1,153 or to Rs 1,175. On the downside it can slide to Rs 1,101 and there after expect a slide to Rs 1,070.

Jain Studio: Buy with stop loss of Rs 458. On upper side it can flare up to Rs 486 or up to Rs 500. On the downside it can slide to Rs 444.

Gramaphone: Buy with stop loss of Rs 686. On upper side it can flare up to Rs 720 or to Rs 735. Expect upper freeze.

Silverline: The level of Rs 835 is a trend decider. On upper side it can flare up to Rs 851 or up to Rs 867. On the downside it can slide to Rs 815 or to Rs 795.

ITC: Buy with stop loss of Rs 770. On upper side it can flare up to Rs 810 or to Rs 825. On the downside it can slide to Rs 762 or to Rs 755. Last major hurdle exists at Rs 826 level.

ACC: The level of Rs 252 is a trend decider. On upper side it can flare up to Rs 258 or up to Rs 263. On the downside it can slide to Rs 243 & there after expect a free fall.

Satyam: The level of Rs 2,470 is a trend decider. On upper side it can flare up to Rs 2,525. On the downside it can slide to Rs 2,420 or to Rs 2,375. Above Rs 2,525 it can flare up to Rs 2,580.

Pentafour: Sell with stop loss of Rs 1,360. On the downside it can slide to Rs 1,290 or to Rs 1,245. Above Rs 1,360 it can slide to Rs 1,405.

Tisco: Above Rs 162 it will favour bulls only. On upper side it can flare up to Rs 173 or up to Rs 177.

Sterlite: The level of Rs 443 is a trend decider. On upper side it can flare up to Rs 460 or up to Rs 470. On the downside it can slide to Rs 433.

BSES: The level of Rs 202 is a trend decider. On upper side it can flare up to Rs 210 or to Rs 217. On the downside it can slide to Rs 195 or to Rs 187.

BPL: The level of Rs 263 is a trend decider. On upper side it can flare up to Rs 280 or up to Rs 290. On the downside it can slide to Rs 255.

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