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Trading Strategy for Decmber 16, 1999

Sensex: Yesterday, senseless Sensex had given a correction of 50 % and had taken a U-turn and had closed at 4665. On upper side it can flare up to 4722. On the downside expect a fall to 4624 or to 4595. If sensex falls drastically then also it should not break 4535 level and should not close below this level for two consecutive days, other wise blood bath is not ruled out! Above 4722, don't remain short in any sensex basedstocks. Expect free fall below 4595 level.

Nifty: The level of 1396 is a trend decider. On upper side it can flare up to 1415 and there after don't remain short in Nifty based stocks. On the downside it can slide up to 1380 and there after expect a free fall to 1371 or 1362 is also possible.

ITC: The level of Rs 634 is a trend decider. On upper side it can flare up to Rs 656 or expect a jump up to Rs 672. Below Rs 634 it can slide to Rs 620. Yesterday's bottom should be considered as rock bottom. Yesterday it had formed a upward bar reversal.

ACC: The level of Rs 221 is a trend decider. On upper side it can flare up to Rs 230. On the downside it can slide to Rs 215 and there after expect a free fall.

Satyam: If it revives from the closing level then it will face resistance at Rs 1,858 and Rs 1,885 is major resistance. On the downside it can slide to Rs 1,785, Rs 1,760 or up to Rs 1,735. Below Rs 1,834 it will favour bears only .

Pentafour: Sell with stop loss of Rs 1,411 and Rs 1,425. On the downside it can slide to Rs 1,366, Rs 1,322 and there after expect blood bath. Laxman rekha exists at Rs 1,455 level.

HCL-HP: Buy above Rs 589 or Rs 595 only. On the downside it can slide to Rs 556 or to Rs 540. If it crosses Rs 595 it can flare up to Rs 605 and there after don't remain long.

Global Tele: Sell with stop loss of Rs 847. On the downside it can slide to Rs 815 and there after it will try to kiss Rs 795. Sell if revives to earn millions.

Himachal Fut: Buy above Rs 494 and Rs 499 level only. On the downside it can slide to 470, if it breaks Rs 482 and there after expect a free fall to Rs 450. Above Rs 499 it can zoom up to Rs 513.

Zee Tele: Close above Rs 890 will create real fire works. Have a close eye on this level. Considering Rs 867 as trend decider start trading. On upper side it can zoom up to Rs 893 and there after it will explode up to Rs 920, Rs 942. On the downside it can slide to Rs 844.

Ranbaxy: The level of Rs 940 is a trend decider. On upper side it can flare up to Rs 962 or Rs 972. On the downside it can slide to Rs 920 and there after it will try to kiss Rs 900. Sell on every rise.

Silverline: If revives from the closing level then also it will have to clear a hurdle of Rs 774 and Rs 785 consider this as laxman rekha. On the downside it can slide to Rs 744 or to Rs 733 or Rs 722 is also possible. Above Rs 785 it can cross Rs 800 mark very fast.

Rolta: The level of Rs 294 is a trend decider. On downside it can slide to Rs 274 or to Rs 265. On upper side it can flare up to Rs 299 or up to Rs 305.

Dig Equip: Buy above Rs 805 and Rs 813 only. On the downside it can slide to Rs 766 or to Rs 745. Above Rs 805 it can flare up to Rs 825.

DSQ: Buy this stock above Rs 649 only. On the downside it can slide to Rs 608 or to Rs 588.

BPL: Buy on every decline. Considering Rs 329 and Rs 325 as support levels buy this stock. On upper side it can zoom up to Rs 347 or up to Rs 360. Below Rs 325 it can slide to Rs 316.

Orient Info: The level of Rs 246 is a trend decider. On upper side it can flare up to Rs 257 or up to Rs 270. On the downside it can slide to Rs 230. Sell on every rise.

Bharat Petro: The level of Rs 434 is a trend decider. On upper side it can flare up to Rs 458 or up to Rs 475. On the downside it can slide to Rs 426 or to Rs 418. Buy on every decline.

Blue Dart: It's a gold mine, expect upper freeze. Buy with stop loss of Rs 186. On upper side it can flare up to Rs 197 or up to Rs 204. Buy on every decline.

Computech Int.: The level of Rs 118 is a trend decider. On upper side it can flare up to Rs 128. On the downside it can slide to Rs 109 and there after a free fall is not ruled out.

Orchid Chem: Considering Rs 303 as rock bottom support, grab this scrip. On upper side it can flare up to Rs 353 or Rs 400 level in coming days. Have an eye on this scrip!

HDFC: Buy with stop loss of Rs 282. On upper side it can flare up to Rs 303 or up to Rs 310. Buy on every decline.

Usha Beltron: Sell if revives with stop loss of Rs 346 and Rs 354. On the downside it can slide to Rs 324 or to Rs 310. Scrip has formed perfect downward bar reversal.

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