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Trading Strategy for Decmber 15, 1999

Sensex: The level of 4720 is a trend decider. On upper side it can flare up to 4754. On the downside it can slide to 4653 or expect a free fall to 4620.

Nifty: The level of 1407 is a trend decider. On upper side it can flare up to 1415, 1423. On the downside it can slide to 1382 and there after expect fall to 1368.

ACC: The level of Rs 228 is a trend decider. On upper side it can flare up to Rs 234. On the downside it can slide to Rs 218 or to Rs 212.

ITC: Last major support exists at Rs 621, decisive close or break below this level will take it to Rs 580 or to Rs 540. The level of Rs 632 is a trend decider. On the downside it can slide to Rs 612 or to Rs 602. If it crosses Rs 632 it can flare up to Rs 643.

Siemens: The level of Rs 494 is a trend decider. On upper side it can flare up to Rs 507 or up to Rs 522. Above Rs 495 it will show its real power. For more details read yesterday trading strategy.

Infosys: The level of Rs 10,050 is a trend decider. On the downside expect a fall to Rs 9,815 (if it breaks Rs 9,932). Below Rs 9,815 level expect a vertical fall. On upper side it can flare up to Rs 10,127. But chances are very bright that the scrip will favour bears only in coming days and will be the number one culprit to destroy the sentiment of market.

Satyam: The level of Rs 1,986 is a trend decider. On upper side it can flare up to Rs 2,020 or up to Rs 2,045 or Rs 2,065 but chances are very remote. On the downside expect a slide to Rs 1,930 or to Rs 1,895. It is ready to form a lower-top formation for the first time since the rally had started. Box Chart is indicating that Rs 1,960 is a last support. On the downside expect these levels i.e Rs 1,890, Rs 1,684 or Rs 1,615 in coming days. If revives sell!

Pentafour: The level of Rs 1,433 is a trend decider. On upper side it can flare up to Rs 1,477 or up to Rs 1,500. On the downside if it breaks this level it can slide to Rs 1,410 and there after expect free fall! Be cautious on upper side chances are bright that open to close will be lower only.

Silverline: The level of Rs 808 is a trend decider. On upper side it can flare up to Rs 850 or up to Rs 861 or Rs 875 is also possible. If it breaks Rs 808 then it can slide to Rs 786 and there after expect free fall! Major resistance exists at Rs 888 level

Rolta: The level of Rs 300 is a trend decider. On upper side it can flare up to Rs 318 or up to Rs 326. On the downside it can slide to Rs 293 and there after expect free fall. Any moment expect vertical fall.

NIIT: Buy with stop loss of Rs 2,808 level. On upper side it can flare up to Rs 2,920 (If it crosses Rs 2,864). After crossing the above mentioned level it can zoom up to Rs 3,000. Last major hurdle for this scrip exists at Rs 2,972 level. Decisive close above this level will create hectic buying!

Ranbaxy: Sell with stop loss of Rs 986. On the downside it can it can slide to Rs 960 or to Rs 945. Sell on very rise!

HLL: Last major support exists at Rs 2,333. Decisive close or break below this level will take it to Rs 2,267 or to Rs 2,200 by this month end. If it revives today sell with stop loss of Rs 2,383 and Rs 2,408. On the downside it can slide to Rs 2,275 if it breaks Rs 2,320.

Zee Tele: At any price consider this scrip a very cheap stock! Last major hurdle exists at Rs 890. Close above this level will take the scrip up to Rs 1,045 or Rs 1,200 by month end. For today's trading buy with stop loss of Rs 855. On upper side it can flare up to Rs 910 or Rs 945 is also possible. Below Rs 855 it can slide to Rs 837 or Rs 820.

HCL-HP: Last hurdle exists at Rs 634 level. Decisive cross above this level will take the scrip up to Rs 740 or Rs 790 or Rs 840 by month end. For today's trading buy with stop loss of Rs 611. On upper side it can flare up to Rs 634 or up to Rs 645. Below Rs 611 it can slide to Rs 600.

DSQ: Buy with stop loss of Rs 651. On upper side it can zoom up to Rs 705 or Rs 735 is also possible. If it trades decisively above Rs 675 then this counter will be in firm grip of bulls only and it can zoom up to Rs 770 level.

Global Tele: The level of Rs 906 is a trend decider. On upper side it can flare up to Rs 920 or Rs 932. On the downside expect a slide to Rs 877 and there after expect a free fall. Try to exit because chances are very bright that the scrip has topped out on Monday.

BPL: Looking very hot buy, yesterday it had made a perfect upward Bar Reversal. For today's trading buy with stop loss of Rs 309. On upper side it can flare up to Rs 338 or upper freeze is also possible.

ICICI: Technically one of the best stocks, it is ready to explode very heavily. It has already broken a triangle with high volumes. Upper targets are Rs 105, Rs 118 and Rs 131. Buy on every decline.

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