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December 30, 1999
COLUMNISTS
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Trading Strategy for Decmber 30, 1999
Sensex: The level of 4925 is a trend decider. On upper side it can flare up to 4975 or up to 5010. On the downside it can slide to 4890 and there after expect free fall. Nifty: The level of 1468 is a trend decider. On upper side it can flare up to 1492 or up to 1508. On the downside it can slide to 1455 and there after expect a free fall. Reliance: The level of Rs 233 is a trend decider. On upper side it can flare up to Rs 241 and there after expect a jump up to Rs 247. On the downside it can slide to Rs 227. L&T: For today's trading, buy with stop loss of Rs 508. On upper side it can flare up to Rs 533 or up to Rs 545 or up to Rs 555. If it breaks Rs 508 it can slide to Rs 496. Silverline: The level of Rs 802 is a trend decider. On upper side it can flare up to Rs 826 or up to Rs 837 or up to Rs 848. On the downside it can slide to Rs 791 or to Rs 780. Rolta: The level of Rs 401 is a trend decider. On upper side it can flare up to Rs 413 or up to Rs 424. On the downside it can slide to Rs 390 or to Rs 278. Satyam: The level of Rs 2,238 is a trend decider. On upper side it can flare up to Rs 2,272 (Consider this level as crucial resistance level). Crossover above this level will take the scrip up to Rs 2,305 or up to Rs 2,336. On the downside it can slide to Rs 2,207 or to Rs 2,175. Pentafour: The level of Rs 1,405 is a trend decider. On upper side it can flare up to Rs 1,445 or up to Rs 1,460. On the downside it can slide to Rs 1,386 or to Rs 1,368. Zee Tele: Buy with stop loss of Rs 1,117 and Rs 1,106. On upper side it can flare up to Rs 1,160 or up to Rs 1,175, if it crosses Rs 1,138. Buy on every decline. Dig.Equip: Buy with stop loss of Rs 1,117. On upper side it can flare up to Rs 1,160 or up to Rs 1,175. On the downside it can slide to Rs 1,085. HCL-HP: The level of Rs 649 is a trend decider. On upper side it can flare up to Rs 662 or up to Rs 678. On the downside it can slide to Rs 633 and there after don't remain long. Maars Soft: Buy with stop loss of Rs 335. On upper side it can flare up to Rs 352 or up to Rs 361. On the downside it can slide to Rs 325. Global Tele: The level of Rs 975 is a trend decider. On upper side it can flare up to Rs 998 or up to Rs 1,020. On the downside it can it can slide to Rs 955. Himachal Fut: Buy with stop loss of Rs 633. On upper side it can flare up to Rs 652, Rs 660 or expect upper freeze. Buy this stock on every decline. Wockhardt: Buy with stop loss of Rs 932. On upper side it can flare up to Rs 980, if it starts trading above Rs 955. Above Rs 980 it can flare up to Rs 1,005. |
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