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Trading Strategy for 20th October 1999

Sensex: The level of 4918 is a trend decider, on upper side it can flare up to 4983 or up to5036 level. If it breaks 4918 it can slide to 4865 level.

Nifty: The level of 1445 is a trend decider, on upper side it can flare up to 1463 or up to 1470 or 1478 is also possible. If it breaks 1445 it can slide to 1437 or to 1430 level.

ACC: Buy with stoploss of Rs 239, on upper side it can flare up to Rs 248 or up to Rs 254 level. On downside after breaking Rs 239 it can slide to Rs 233 level.

L&T: Buy this stock with stoploss of Rs 426, on upper side expect a jump up to Rs 447, Rs 452 or Rs 457 is also possible. Buy on every decline to earn unexpected money.

Global Tele: Buy with stoploss of Rs 616, on upper side it can flare up to Rs 656 or up to Rs 676. On downside it can slide to Rs 606 or to Rs 596 level. Be cautious to trade in this scrip, heavy zig-zag movement is not ruled out.

Himachal Tele: The level of Rs 345 is a trend decider, on upper side it can flare up to Rs 366 or up to Rs 375 level, if it crosses Rs 355 level. On downside it can slide to Rs 335 or to Rs 325.

Zee Tele: People those are interested in fundamentals: ZEE Tele posted H1 99 net profits of Rs 37 crores. Full year profits are likely to be around rss 80 crores on an expanded equity capital of Rs 38.84 after the merger of ZEE Worldwide. The EPS works out to 21 giving it a risky P/E of 240. Even after the merger net profits have risen only 32 per cent, indicating that it has become zero growth company.

For todays trading, consider Rs 4951 and Rs 4896 as support level. On upper side it can flare up to Rs 5,117, if it crosses Rs 5,061 level. There after it can zoom up to Rs 5,172 level.

Silverline: Buy with stoploss of Rs 483, on upper side it can flare up to Rs 500 or up to Rs 512 level. On the downside if it breaks Rs 483 then it can fall to Rs 470 level.

Satyam: Buy with stoploss of Rs 1,591, on upper side it can flare up to Rs 1,658 or expect a jump up to 1,691 level. If the scrip closes above Rs 1,678 level then by month end it can touch Rs 2,000 mark. Scrip is 100 per cent manipulative in nature, so be cautuious to trade.

Gramaphone: Buy above Rs 477 level, on upper side it can flare up to Rs 498 or upper freeze is also possible. On downside it can slide to Rs 447, if it starts trading below Rs 462 level.

ITC: Buy above Rs 817 level, on upper side it can flare up to Rs 832 and there after don't remain short. On downside it can fall to Rs 796 there after free fall is not ruled out.

Ranbaxy: Buy above Rs 1,125 level, on upper side it can flare up to Rs 1,146 or up to Rs 1,158 level. On the downside it can slide to Rs 1,100 level and there after don't remain long.

NIIT: Buy this scrip if it starts trading above Rs 2,695 level only, on downside it can slide to Rs 2,510 level, if it breaks Rs 2,602 level. Above Rs 2,695 it will zoom like a rocket.

HCL-HP: Buy above Rs 568 level, on upper side it can flare up to Rs 580 or up to Rs 593 level. On downside it can slide up to Rs 534 level.

UPL: Buy with stoploss of Rs 182, on upper side it can flare up to Rs 191 or up to Rs 195 level.

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