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Trading Strategy for January 21, 2000

Catch Global, Himachal, Zee and Ranbaxy

BSE Sensex: The level of 5405 is a trend-decider. On downside it can slide to 5300 or 5250. On upper side after crossing 5405, it can flare upto 5455. Instead of going short in sensex stocks, traders are advised to buy at lower levels. Don't panic.

Nifty: The level of 1613 is a trend-decider. On upper side it can flare upto 1630 or 1645. On downside it can slide to 1582 or 1573.

Reliance: The level of Rs 314 is a trend decider. It can flare upto Rs 319 and thereafter don't remain short. On downside it can slide to Rs 304 or Rs 299 level.

Tisco: The level of Rs 166 is a trend-decider. It can flare upto Rs 173 and thereafter don't remain short. On downside it can slide to Rs 154 or Rs 147 level. Buy on every decline.

MTNL: The level of Rs 287 is a trend-decider. On downside it can slide to Rs 272 or Rs 265. Above Rs 287 expect a rise to Rs 294.

ITC: The level of Rs 798 is a trend-decider. On downside it can slide to Rs 766 and expect a free fall if it breaks and starts trading below Rs 782. Above Rs 798 it can flare upto Rs 808.

Bajaj Auto: The level of Rs 412 and Rs 399 are crucial support levels. On upper side it can flare upto Rs 428 and thereafter expect a jump to Rs 440.

Sterlite: Buy with stop loss of Rs 505. On upper side it can flare upto Rs 530 or Rs 542. On downside it can slide to Rs 493. Buy on every decline.

Himachal: The level of Rs 880 is a trend-decider. On downside it can slide to Rs 848 if it breaks and starts trading below Rs 864. On upper side it can flare upto Rs 898 or expect a jump to Rs 914 or Rs 930. Buy this stock, it will touch Rs 1000.

Global: The level of Rs 1072 is a trend-decider. It can flare upto Rs 1092 or expect a smart rally to Rs 1120. On downside it can slide to Rs 1046 if it starts trading below Rs 1059.

Zee: The level of Rs 1146 is a trend-decider. It can flare upto Rs 1174, Rs 1193 or Rs 1210. On downside it can slide to Rs 1110 level. Buy this stock on every decline.

Infosys: The level of Rs 12,910 and Rs 13,040 are crucial resistance levels. On downside it can slide to Rs 12,320 and thereafter expect a free fall to Rs 12,000. If it crosses Rs 13,040 it can flare upto Rs 13,220.

Ranbaxy: The level of Rs 1009 is a trend-decider. It can flare upto Rs 1027 or expect a rally to Rs 1042. On downside it can slide to Rs 980 if it starts trading below Rs 994.

ACC: Buy with stop loss of Rs 201 and Rs 196. On upper side after crossing Rs 210 it can flare upto 215 and thereafter don't remain short.

Pentamedia: The level of Rs 1327 is a trend-decider. It can flare upto Rs 1355 or Rs 1410. On downside it can slide to Rs 1275.

Satyam: The level of Rs 2620 is a trend-decider. It can flare upto Rs 2655, Rs 2690 and don't remain short then. It can slide to Rs 2585.

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