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Trading Strategy for January 28, 2000

BSE Sensex: The level of 5400 is a trend decider. On upper side it can flare up to 5435 or expect a rally up to 5495. On the downside it can slide to 5340 or to 5300. Be cautious in sensex based stocks on upper levels, maximum number of stocks in specified group are hovering below 200DMA.

S&P CNX Nifty: The level of 1612 is a trend decider. On upper side it can flare up to 1624 or up to 1634. On the downside it can it can slide to 1590 level and there after expect free fall.

Reliance: Buy with stop loss of Rs 330. On upper side it can flare up to Rs 338 or up to Rs 343 level. For more details read weekly trading strategy. On the downside it can slide to Rs 325 level.

ITC: Worst is over for this scrip! Buy with stop loss of Rs 750. On upper side it can flare up to Rs 800, if it crosses Rs 775. Above Rs 800 it can zoom up to Rs 835.

BPL: Buy with stop loss of 320. On upper side it can flare up to Rs 338 or up to Rs 348 level. Buy on every decline!

Apollo Tyre: The level of Rs 218 is a trend decider. On upper side it can flare up to Rs 225 or up to Rs 234. On the downside it can slide to Rs 209. Buy this stock on every decline.

Sterlite: The level of Rs 624 is a trend decider. On upper side it can flare up to Rs 645 and there after don't remain short. On the downside it can slide to Rs 605 or expect a level of Rs 585.

Silverline: Any decline in stock should be considered as good opportunity to buy this stock. The level of Rs 851 is a trend decider. On upper side it can flare up to Rs 862, Rs 874 and there after it can zoom up to Rs 905. On the downside it can slide to Rs 836 or Rs 820.

Global Tele: The level of Rs 1,270 is a trend decider. On upper side it can flare up to Rs 1,295 and there after it will try to kiss Rs 1,317 or Rs 1,350 level. Buy this stock on every decline! Below Rs 1,270 it can slide to Rs 1,255.

Himachal Fut: The level of Rs 985 is a trend decider. On upper side it can flare up to Rs 1,005 or expect a level of Rs 1,025 and there after don't remain short. On the downside it can slide to Rs 974.

Satyam: Sell if revives with stop loss of Rs 2,762 and Rs 2,780. On the downside it can slide to Rs 2,670 and there after expect a free fall to Rs 2,615. Above Rs 2,780 it can flare up to Rs 2815.

Pentafour: The level of Rs 1,270 is a trend decider. On the downside it can slide to Rs 1,220 and there after expect a free fall to Rs 1,195.

BSES: Any decline in stock should be considered as best opportunity to buy! The level of Rs 213 is a trend decider. On upper side it can flare up to Rs 220 or Rs 225. On the downside it can slide to Rs 207.

Ranbaxy: Scrip will have to cross Rs 943 level. On upper side it can flare up to Rs 960. On the downside it can slide to Rs 920 and there after expect a fall to Rs 905.

Rolta: Buy with stop loss of Rs 401. On upper side it can flare up to Rs 424 or up to Rs 436.

DSQ: Buy with stop loss of Rs 1,243. On upper side it can flare up to Rs 1,290 or up to Rs 1,315. On the downside it can slide to Rs 1,230.

Zee Tele: The level of Rs 1,227 is a trend decider. On upper side it can flare up to Rs 1,250 and there after it can zoom up to Rs 1,285. On the downside it can slide to Rs 1,195.

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