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Trading Strategy for 12th October 1999

Sensex: The level of 5070 is a trend decider, on upper side it can flare up to 5112 level. On downside it can slide to 4990 or expect free fall to 4948 level.

Nifty: The level of 1488 is a trend decider, on downside it can slide to 1472 or to 1464 level. If it starts trading above 1488 level then it can flare up to 1496 level.

RIL: The level of Rs 242 is a trend decider, on downside it can slide to Rs 239 or up to Rs 235 level. On upper side it can flare up to Rs 246 level.

SBI: Sell with stop loss of Rs 256 level, on downside it can slide to Rs 245 or expect a free fall to Rs 238 level. On upperside it can flare up to Rs 260 level.

Silverline: The level of Rs 463 is a trend decider, on downside it can slide to Rs 446 or to Rs 435 level. Above Rs 463 it can flare up to Rs 474 level.

Wockhardt: Buy with stop loss of Rs 685 level, on upper side it can flare up to Rs 710 or up to Rs 723 level. If it breaks Rs 685 it can fall down to Rs 672 level.

NIIT: Buy above Rs 3,293 level only, on downside it can fall down to Rs 3,186 or to Rs 3,128 level.

Infosys: Buy above Rs 8,294 level only, once it crosses this level it can flare up to Rs 8,368 level. On downside it can slide to Rs 8,036 or expect a free fall to Rs 7,853 level.

Zee Tele: The level of Rs 5,343 is a trend decider, on the downside it can fall down to Rs 5,206 or to Rs 5,138 level.

Ranbaxy: Buy above Rs 1,178 is a trend decider, on downside it can slide to Rs 1,141 or to Rs 1,121 level. On upper side it can flare up to Rs 1,198 level.

Tata Elxsi: The level of Rs 192 is a trend decider, on upper side it can flare up to Rs 198 or up to Rs 205 level. On downside it can slide to Rs 185 level.

Global Tele: Buy with stop loss of Rs 643 level, on upper side it can flare up to Rs 662 or up to Rs 676 level. On downside it can slide to Rs 629 level.

Tisco: Sell with stop loss of Rs 159 level, on downside it can slide to Rs 152 or to Rs 149 level.

ITC: Sell with stop loss of Rs 842 level, on downside it can slide to Rs 809 or to Rs 793 level.

HLL: The level of Rs 2,545 is a trend decider, on upper side it can flare up to Rs 2,565 level. On down side it can slide to Rs 2,506 or to Rs 2,486 level.

Satyam: The level of Rs 1,387 is a trend decider, above this level it will favour bulls. On upper side it can flare up to Rs 1,449 or up to Rs 1,464 or Rs 1,480 level.

Dabur: The level of Rs 1,140 is a trend decider, on downside it can slide to Rs 1,040 or to Rs 1002 level. Sell if revives, for more details read weekly trading strategy.

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