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December 4, 1999

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Trading Strategy for Decmber 6, 1999

Sensex: The level of 4728 is a trend decider. On upper side it can flare up to 4760 or expect a jump up to 4800. On the downside it can slide to 4685 and there after expect a free fall.

Nifty: The level of 1421 is a trend decider. On upper side it can flare up to 1433 or up to 1440. On the downside it can slide to 1406 and there after expect a free fall.

SBI: Buy with stop loss of Rs 242, on upper side it can flare up to Rs 252 or up to Rs 255. On the downside if it breaks Rs 242 then expect slide to Rs 236. (Read more details in weekly trading strategy)

Reliance: The level of Rs 218 is a trend decider. On upper side after crossing this level it can flare up to Rs 221. On the downside it can slide to Rs 214 or up to Rs 210. (Read More details in weekly trading strategy)

Satyam: Buy with stop loss of Rs 2,090. On upper side it can flare up to Rs 2,154 and there after expect a jump up to Rs 2,205. Buy on every decline, if it breaks Rs 2,090 then expect a free fall to Rs 2,055.

Pentafour: The level of Rs 886 is a trend decider. On upper side it can flare up to Rs 900 or up to Rs 915. On the downside it can slide to Rs 870 or Rs 858. Buy this stock on every decline.

Silverline: Buy with stop loss of Rs 617. On upper side it can flare up to Rs 647 or up to Rs 662. If it breaks Rs 617 then expect a fall to Rs 602.

Himachal Fut.: The level of Rs 445 is a trend decider. On upper side it can flare up to Rs 458 or up to Rs 468. On the downside it can slide to Rs 435.

Global Tele: The level of Rs 707 is a trend decider. On upper side it can flare up to Rs 734 or up to Rs 752. If it breaks Rs 707 it can slide to Rs 690.

Zee Tele: The level of Rs 676 is a trend decider. On upper side it can flare up to Rs 695 or up to Rs 710. On the downside it can slide to Rs 660.

ITC: The level of Rs 712 is a trend decider. On upper side it can flare up to Rs 720 and there after don't remain short. On the downside it can slide to Rs 685.

Rolta: The level of Rs 204 is a trend decider. On upper side it can flare up to Rs 212 or up to Rs 217. On the downside it can slide to Rs 199.

KLG Syst: The level of Rs 537 is a trend decider. On upper side it can flare up to Rs 565 or up to Rs 580. On the downside it can slide to Rs 525.

DSQ: Buy with stop loss of Rs 470, on upper side it will try to kiss Rs 493 or up to Rs 505. On the downside it can slide to Rs 460.

Digital Equip.: The level of Rs 734 is a trend decider. On upper side it can flare up to Rs 746 or up to Rs 767. On the downside it can slide to Rs 713 or to Rs 700.

HDFC: The level of Rs 287 is a trend decider. On upper side it can flare up to Rs 296 or up to Rs 302. On the downside it can slide to Rs 281.

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