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Trading Strategy for 8th October 1999

Sensex: It looks that the Sensex will try to kiss 5000 mark first time in history (traders can just think for few minutes that what had happened in economy or in any other field that our market is going great guns...think it over). After this euphoria of BJP forming the govt, it looks that market will crash very heavily, but I am mentionining the date too in coming days, traders can see bear trend from 12th October to 15th November.... Let's see what can happen today? Considering 4918 as support level, buy Sensex based stocks, on upper side it can flare up to 5026 or up to 5088 level. Close above 5040 level will take Index straight up to 5131 level. If it breaks 4918 level, then only expect free fall.

Nifty: The level of 1458 is a trend decider, on upper side it can flare up to 1487 or up to 1504 level.

Reliance: The level of Rs 247 is a trend decider, on upper side it can flare up to Rs 256 or up to Rs 263 level. Last major hurdle exists at Rs 266 level.

SBI: Buy with stoploss of Rs 227, on upper side it can flare up to Rs 238 or upto Rs 243 level, on upper side after crossing Rs 243 with high volumes it can zoom up to Rs 252 level.

ITC: Buy with stoploss of Rs 850 is a trend decider, on upper side it can flare up to Rs 885 or up to Rs 905 level.

Satyam: The level of Rs 1327 is a trend decider, on upper side it can flare up to Rs 1371 or up to Rs 1408 level. On downside it can slide to Rs 1290 level.

Zee Tele: Above Rs 4952 is a trend decider, on upper side it can flare up to Rs 5063 or upto Rs 5118 or up to Rs 5173 level.

HLL: Buy with stoploss of Rs 2591 is a trend decider, on upper side it can flare up to Rs 2654 or up to Rs 2698 level. On downside it can slide to Rs 2547 level.

Silverline: The level of Rs 408 is a trend decider, on upper side it can flare up to Rs 427 or up to Rs 436 level.

NIIT: Buy with stoploss of Rs 2880, on upper side it can flare up to Rs 2995 or up to Rs 3060 level.

Tata Tea: The level of Rs 640 is a trend decider, on upper side it can flare up to Rs 671 or up to Rs 686 level.

Gramaphone: Once it crosses Rs 447, it can flare up to Rs 469 or up to Rs 475 level.

Global Tele: Buy with stoploss of Rs 551,on upper side it can flare up to Rs 574 or up to Rs 586 level.

Infosys: Buy with stoploss of Rs 8055 level, on upper side it can flare up to Rs 8435 or up to Rs 8625 level. If it breaks Rs 7865 level, then it can slide to Rs 7865 level.

Wockhardt: Buy with stoploss of Rs 622,on upper side it can flare up to Rs 645 or up to Rs 661 level.

Trent: Buy with stoploss of Rs 191,on upper side it can flare up to Rs 199, Rs 203 or up to Rs 210 level.

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