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Trading Strategy for Decmber 9, 1999

Sensex: The level of 4826 is a trend decider. On the downside it can slide to 4767 or to 4710. If it starts trading above 4826 level then it can flare up to 4870 or up to 4920.

Nifty: The level of 1449 is a trend decider. On upper side it can flare up to 1463. On the downside it can slide to 1411 or to 1397.

ACC: Buy above Rs 223 only. On the downside it can slide to Rs 213 or to Rs 204. Above Rs 223 it can flare up to Rs 229.

L&T: The level of Rs 405 is a trend decider. On the downside it can slide to Rs 390 or to Rs 378. Above Rs 405 it can flare up to Rs 416.

Reliance: The level of Rs 233 is a trend decider. On upper side it can flare up to Rs 241 and there after don't remain short. On the downside it can slide to Rs 224.

SBI: Buy above Rs 242 only. On upper side it can flare up to Rs 249. On the downside it can slide to Rs 232 or to Rs 225.

Sterlite: The level of Rs 411 is a trend decider. On the downside it can slide to Rs 385 or up to Rs 377. On upper side it can flare up to Rs 420. Sell if revives!

Global Tele: The level of Rs 826 is a trend decider. On upper side it can flare up to Rs 853. On the downside it can slide to Rs 790 and there after expect a free fall to Rs 755.

Himachal Fut: The level of Rs 475 is a trend decider. On upper side it can flare up to Rs 487 or up to Rs 499. On the downside it can slide to Rs 460 or to Rs 446.

Satyam: If it starts trading below Rs 1977, then it can slide to Rs 1903 and there after expect a free fall. On the upper side it can flare up to Rs 2090.

Pentafour: The level of Rs 1,048 is a trend decider. On upper side it can flare up to Rs 1,090 or up to Rs 1,120. On the downside if it breaks Rs 1,048 then expect a fall up to Rs 1,008 and there after expect a free fall.

Silverline: The level of Rs 661 and Rs 672 should be considered as crucial resistance. On the downside it can slide to Rs 623 if it breaks Rs 647. Above Rs 672 it can flare up to Rs 686 or up to Rs 700.

Rolta: The level of Rs 237 should be considered as major resistance level. On the downside it can slide to Rs 214 and there after expect downward freeze. On upper side if it is able to cross Rs 237 it can flare up to Rs 250.

Zee Tele: Buy above Rs 740 only. On the downside it can slide up to Rs 683 or up to Rs 664. On upper side it can flare up to Rs 760.

ITC: The level of Rs 693 is a trend decider. On the downside it can slide to Rs 668 or up to Rs 650. Above Rs 693 it can flare up to Rs 710. If revives sell!

Ranbaxy: Scrip will face resistance at Rs 1,064 or major resistance exists at Rs 1,084. On the downside it can slide to Rs 1,005 and there after expect free fall!

Imfosys: The level of Rs 9,813 is a trend decider. On upper side it can flare up to Rs 9,917 or up to Rs 1,020. On the downside it can slide to Rs 9,715 or expect slide to Rs 9,617.

NIIT: The level of Rs 2,683 is a trend decider. On upper side it can flare up to Rs 2,750 or expect a jump up to Rs 2,815. On the downside it can slide to Rs 2625 and there after expect free fall up to Rs 2,570.

Jain Studio: Buy with stop loss of Rs 470. On upper side it can flare up to Rs 519 or expect upper freeze. If it breaks Rs 470 then expect a free fall to Rs 445.

Gramaphone: The level of Rs 428 is trend decider. On upper side it can flare up to Rs 450 or up to Rs 465. On the downside it can slide to Rs 413 or to Rs 390. Buy on every decline.

DSQ: The level of Rs 556 is a trend decider. On upper side it can flare up to Rs 575. On the downside it can slide to Rs 531 or to Rs 505.

Orient Info: The level of Rs 183 is a trend decider. On upper side it can flare up to Rs 192. On the downside it can slide to Rs 174 or to Rs 166. Buy on every decline!

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