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Trading Strategy for 15th October 1999

Sensex: The level of 5078 is a trend decider, on upper side it can flare up to 5115 level. On downside it can slide to 5038 or expect a free fall to 5000 level. Don't remain short or long above 5115 or below 5000 level in any sensex stocks.

Nifty: The level of 1508 is a trend decider, on upper side it can flare up to 1519 level. On downside it can slide to 1494 level. Below 1494 it can slide to 1483 level. Above 1519 it can zoom up to 1526 level.

ITC: Buy with stoploss of Rs 867 level, on upper side it can jump up to Rs 909, if it crosses and starts trading above Rs 888 level. It can also flare up to Rs 930 level. On downside it can slide to Rs 856.

Ranbaxy: Buy this scrip above Rs 1,222 level. On downside it can slide to Rs 1,180 or to Rs 1,155 level. If it crosses Rs 1,222 then it can flare up to Rs 1247 level.

Satyam: Buy with stoploss of Rs 1,508 level. On upper side it can flare up to Rs 1,566 if it is able to cross Rs 1,537 level. On downside after breaking Rs 1,508 it can slide to Rs 1,485 level. There after expect a free fall.

Pentafour: Buy above Rs 749 level. On downside it can slide to Rs 703 and there after expect a free fall in this scrip.

Global Tele: The level of Rs 639 is a trend decider, if it trades below this level then it can slide to Rs 613 or to Rs 587 level. On upper side it can flare up to Rs 666, consider this as laxman Rekha, and there after it can zom up to Rs 691 level.

Himachal Fut: Above Rs 346 level this scrip will faour bulls only. For today's trading the level of Rs 368 is a trend decider, on upper side it can flare up to Rs 379 or up to Rs 387 level. On downside it can slide to Rs 360 or to Rs 349 level.

Silverline: The level of Rs 515 is a trend decider, on upper side it can flare up to Rs 533 or expect a jump up to Rs 552 level. On downside it can slide to Rs 496 and there after expect a free fall.

BASF: The level of Rs 181 is a trend decider, on upper side it can flare up to Rs 186 or expect a jump up to Rs 193. Above Rs 178 there will be no problem for bulls.

Rolta: Buy above Rs 189 level. On downside it can slide to Rs 180 or upto Rs 174. Above Rs 189 it can flare up to Rs 195 level.

Gramaphone: It was a gold mine, at this price of Rs 531 its going at throw away prices. On upper side it can flare up to Rs 555 or up to Rs 570 level. Above Rs 519 it will always favour bulls.

NIIT: Buy above Rs 3,041 level. On downside it can slide to Rs 2,956 or to Rs 2,872 level. Above Rs 3,041 it can flare up to Rs 3,111 level.

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