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Trading Strategy for January 20, 2000

BSE Sensex: The level of 5490 is a trend-decider. On upper side it can flare up to 5515, 5555 or 5585. On downside it can slide to 5455 or 5430.

S& P CNX Nifty: The level of 1628 is a trend-decider. On upper side it can flare up to 1647 or 1663. On downside it can slide to 1612 and 1602.

ACC: The level of Rs 218 is a trend-decider. On upper side it can flare up to Rs 225 or Rs 232. Below Rs 218 it can slide to Rs 211 or Rs 204. Below Rs 219 it can slide to Rs 190.

Tisco: The level of Rs 173 is a trend-decider. On downside it can slide to Rs 167 or Rs 162. After crossing Rs 173 it can jump to Rs 177 or Rs 183. Buy on every decline.

Reliance: The level of Rs 319 and Rs 322 are crucial resistance levels. On downside it can slide to Rs 214.50 or Rs 211. Above Rs 322 it will flare up to Rs 225 or Rs 232. Buy on every decline.

Sterlite: The level of Rs 480 is a trend-decider. On upper side it can flare up to Rs 495 or Rs 510. On downside it can slide to Rs 465 if it breaks Rs 472. Buy this stock on every decline. It has already started its third wave and it looks that the scrip may kiss Rs 530 or Rs 590 by the month end.

Ranbaxy: The level of Rs 1011 is a trend-decider. It can slide to Rs 992. Buy this stock on every decline. On upper side it can flare upto Rs 1032 or Rs 1050. Above Rs 997 it will favour bulls.

Infosys: The scrip has taken a U-turn. Buy on every decline. Buy with stop loss of Rs 12,830 and Rs 12,700. It can flare upto Rs 13,360 or expect a jump to Rs 13,720 level if it starts trading above Rs 13,095.

Himachal Futuristic: The level of Rs 852 is a trend-decider. On upper side it can flare upto Rs 870 or Rs 886 and thereafter it will go to Rs 901. On downside it can slide to Rs 836. Buy this stock on every decline. Above Rs 870, it will try to touch Rs 1005 or Rs 1145 by month end.

Global: The level of Rs 1063 is a trend-decider. It can flare upto Rs 1079 or Rs 1095 and thereafter don't remain short. On downside it can slide to Rs 1047 or Rs 1031. (Above Rs 1013, it will favour bulls and it will try to touch Rs 1135 or Rs 1220.

Gramophone: The last major hurdle exists at Rs 901. Above this level it will try to touch Rs 1100 or Rs 1300 by month end. For today, buy with stop loss of Rs 828. It can flare upto Rs 875 or Rs 900 and thereafter expect an upper freeze.

HPCL: Buy with stop loss of Rs 159.Above this level it will shoot upto Rs 181, Rs 196 or expect a level of Rs 210.

DSQ Software: Buy with stop loss of Rs 1090. It can flare upto Rs 1130 or Rs 1146 level. On downside it can slide to Rs 1070. It will try to touch Rs 1190 and thereafter expect a non-stop rally to Rs 1420. Buy on every decline.

Apollo Tyres: The level of Rs 210 is a trend-decider. It can flare upto Rs 217 or Rs 225. On downside it can slide to Rs 202.

Silverline: Buy with stop loss of Rs 718. It can flare upto Rs 753, Rs 762 or Rs 772. On downside it can slide to Rs 708. A relief rally has started.

MTNL: The level of Rs 302 is a trend-decider. On downside it can slide to Rs 288 or Rs 280. It can flare upto Rs 309 level and thereafter expect Rs 323.

Satyam: The level of Rs 2595 and Rs 2620 are trend-deciders. It can slide to Rs 2540 or Rs 2495.

Pentamedia: Buy with stop loss of Rs 1250 is a trend-decider. It can flare upto Rs 1310 or Rs 1340. It can slide to Rs 1220.

Zee: Buy with stop loss of Rs 1080. It can flare upto Rs 1135 or Rs 1160.Above Rs 1093, it will favour bulls only.

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