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Trading Strategy for 14th October 1999

Sensex: The level of 5005 is a trend decider, on upper side it can flare up to 5088 and there after don't remain short in any sensex stocks. On downside if it breaks 4976 it can slide to 4947. Expect a free fall if starts trading below 4947 level. Try to exit from sensex based stocks.

Nifty: The level of 1492 is a trend decider, on upper side if it crosses 1503 level, it can flare up to 1515 level. On downside it can slide to 1474 and there after free fall is not ruled out.

RIL: The level of Rs 241 is a trend decider, on upper side it can flare up to Rs 247 and there after it can zoom up to Rs 250 or Rs 253. On downside it can slide to Rs 235, there after free fall is not ruled out.

ITC: Buy with stoploss of Rs 813, on upper side if it starts trading above 827, it can flare up to Rs 841 level. Don't remain short above Rs 827. On downside it can slide to Rs 795 level.

SBI: The level of Rs 255 is a trend decider, on upper side it can flare up to Rs 259 or up to Rs 263 level. On downside it can slide to Rs 251 or there after expect a free fall to Rs 247 level.

Silverline: Buy with stop loss of Rs 479 level. Above Rs 498 it can zoom up to Rs 518 or Rs 530 is also possible. If it breaks ts 479 then it can slide to Rs 454. Buy on every decline.

Rolta: Buy with stoploss of Rs 181, on upper side it can flare up to Rs 191 or up to Rs 198 level. If it breaks Rs 181 then it can slide to Rs 173 level.

Satyam: The level of Rs 1419 & Rs 1463 are trend deciders, on upper side it can flare up to Rs 1508, and there after don't remain short. On downside it canslide to Rs 1386.

Ranbaxy: The level of Rs 1193 & Rs 1232 are trend deciders, on upper side it can flare up to Rs 1271 and there after don't remain short. On downside it can slide to Rs 1165 or to Rs 1137 level.

Pentafour: The level of Rs 770 is a trend decider, on upper side it can flare up to Rs 810 or up to Rs 846. On downside it can slide to Rs 734.

Zee Tele: The levels of Rs 5,032 & 5,122 are trend deciders, on upper side it can flare up to Rs 5,213. On downside it can slide to Rs 4,968 and there after expect a free fall.

Global Tele: The levels of Rs 679 & Rs 701 are trend deciders, on upper side it can flare up to Rs 723 and there after don't remain short. On downside it can slide to Rs 662 or to Rs 645 level.

Gramaphone: Buy with stop loss of Rs 484, on upper side it can flare up to Rs 520 or up to Rs 539. Above Rs 519 it will zoom like rocket. Buy this scrip on every decline.

L&T: The level of Rs 394 is a trend decider, on upper side it can flare up to Rs 413 or up to Rs 429. On downside it can slide to Rs 378 level.

SQL Star: Read monthly trading strategy, and it was clearly mentioned to buy this stock, when it was hovering at Rs 180 level, and it was also mentioned that it will give one side movement up to 12th October and there after trend reversal is not ruled out. Traders can see what had happened today? Sell with stoploss of Rs 281, on downside it can slide to Rs 266 or downside freeze is also possible.

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