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Trading Strategy for Decmber 24, 1999

Sensex: The level of 5002 is a trend decider. On upper side after crossing this level it can flare up to 5044 and there after it may kiss 5095 level. The level of 5095 is a last major hurdle for Sensex. On the downside it can slide to 4930 or to 4885.

Nifty: The level of 1494 is a trend decider. On upper side it can flare up to 1506 or up to 1523. The level of 1523 is the last major hurdle for Nifty. On the downside it can slide to 1477 and there after expect a free fall.

Ranbaxy: The level of Rs 966 is a trend decider. On upper side it can flare up to Rs 978 or up to Rs 990. On the downside it can slide to Rs 949 or to Rs 932.

Zee Tele: Stay invested and start accumulating, scrip will double in coming 3 months. Last major hurdle exists at Rs 1,045, thereafter it will zoom to Rs 1,200. For today's trading buy with stop loss of Rs 930. On upper side it can flare up to Rs 975 and there after it will zoom up to Rs 1,005 level.

Sterlite: The level of Rs 407 is a trend decider. On upper side it can flare up to Rs 419 or up to Rs 434. Last major hurdle for this scrip exists at Rs 442. Decisive crossover above Rs 442 will take the scrip up to Rs 475. Below Rs 407 it can slide to Rs 392 and there after don't remain long.

L&T: Today scrip had closed on edge of laxman Rekha. Above Rs 468 level it will try to kiss Rs 505 or Rs 545. Buy this stock on every decline. For todays trading buy with stop loss of Rs 458. On upper side it can flare up to Rs 480 or up to Rs 490.

Rolta: The level of Rs 418 is a trend decider. On upper side it can flare up to Rs 434 or up to Rs 450. On the downside it can slide to Rs 402.

Silverline: The level of Rs 799 is a trend decider. On upper side it can flare up to Rs 820 and there after don't remain short. On the downside it can slide to Rs 770.

Satyam: Buy above Rs 2,055 level only, crossover above this level will take the scrip straight up to Rs 2,105. On the downside it can slide to Rs 1961, if it breaks Rs 2,008.

Pentafour: The level of Rs 1,460 is a trend decider. On upper side it can flare up to Rs 1,480 and there after don't remain short. On the downside it can slide to Rs 1,410.

Gramaphone: Above Rs 490 it will favour bulls only. Upper targets in near future are Rs 562 and Rs 635.

HCL-HP: Buy above Rs 690. On upper side it can flare up to Rs 708 or up to Rs 726. On the downside it can slide to Rs 655. Buy this stock on every decline.

Global Tele: The level of Rs 1,014 is a trend decider. On upper side it can flare up to Rs 1,029 or up to Rs 1,045 and there after don't remain short. On the downside it can slide to Rs 960.

Himachal Fut: The level of Rs 605 is a trend decider. On upper side it can flare up to Rs 623 and there after it will zoom up to Rs 645. On the downside it can slide to Rs 580.

Tata Steel: Buy this stock on every decline. The level of Rs 149 is a trend decider. On upper side it can flare up to Rs 156 and there after don't remain short. On the downside it can slide to Rs 143.

SBI: The level of Rs 233 is a trend decider. On upper side it can flare up to Rs 237 and there after don't remain short. On the downside it can slide to Rs 224.

Dig. Equip: The level of Rs 967 is a trend decider. On upper side it can flare up to Rs 1,010 or up to Rs 1,046. On the downside it can slide to Rs 930.

Jain Studio: The level of Rs 444 is a trend decider. On upper side it can flare up to Rs 463 and there after expect upper freeze. Buy this stock on very decline.

ITC: The level of Rs 727 is a trend decider. On upper side it can flare up to Rs 750 and there after don't remain short. On the downside it can slide to Rs 700.

DSQ: Buy with stop loss of Rs 840. On upper side it can flare up to Rs 875 and there after it will try to touch Rs 910. Read weekly trading strategy.

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