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Trading Strategy for November 26, 1999

Sensex: Yesterday, the Sensex was able to cross and close above 4700 level for the first time in November. But what is the advantage now, because only three trading sessions are left for this rally to continue. Sensex will face very strong resistance at 4799. If in the next three days it crosses this level too it can flare up to 4940 level by November 30. Today if it breaks 4736 then it can fall to 4706 level and there after expect a free fall.

Nifty: Nifty will face strong resistance at 1424 level. Above this level in the next three trading sessions it can flare up to 1467. For today's trading the level of 1408 is a trend decider, on upper side it can flare up to 1418 or up to 1429. Below 1408 expect fall to 1397.

Tisco: Above Rs 152 it is risk free buy! On upper side it can flare up to Rs 156 or up to Rs 161. Major hurdle exists at Rs 167. If it starts trading below Rs 152 then it can fall to Rs 147.

ACC: Buy with stop loss of Rs 202, on upper side it can flare up to Rs 211 or up to Rs 217. It will face strong resistance at Rs 218. Sell on every rise! On the downside if it breaks Rs 202 it can fall to Rs 196.

L&T: The level of Rs 420 is a trend decider. On upper side it can flare up to Rs 426 or up to Rs 434. If it starts trading below Rs 420 it can slide to Rs 412.

Ranbaxy: The level of Rs 983 is a trend decider. On upper side it can flare up to Rs 996 or up to Rs 1,012. On the downside it can slide to Rs 967.

Infosys: If it remains above Rs 9,388 then in the next three trading sessions it can touch Rs 10,666 level. For today's trading have an eye on Rs 9,432, above this level it can flare up to Rs 9,648 or up to Rs 9,864. On the downside it can slide to Rs 9,273 or to Rs 9,114.

Satyam: Buy with stop loss of Rs 1,792. On upper side it can flare up to Rs 1,867 or expect a jump up to Rs 1,906. On the downside after breaking Rs 1,792 it can slide to Rs 1,753.

Himachal Fut: Buy with stop loss of Rs 398, on upper side it can flare up to Rs 412 or up to Rs 420. For more details read weekly trading strategy. By January 15 it may kiss Rs 600.

Global Tele: Buy with stop loss of Rs 611, on upper side it can flare up to Rs 638 or up to Rs 651. Above Rs 635 it will try to kiss Rs 688 level and consider this as last major hurdle. On the downside if it breaks Rs 611 it can slide to Rs 598.

Zee Tele: Buy with stop loss of Rs 5,580 and Rs 5,536 level. On upper side it can flare up to Rs 5,712 or up to Rs 5,756. Buy this stock on every decline.

Silverline: The level of Rs 486 is a trend decider, on upper side it can flare up to Rs 495 or up to Rs 503. On the downside after breaking Rs 486 it can slide to Rs 478.

SSI: The level of Rs 1,287 is a trend decider, on upper side it can flare up to Rs 1,319 or up to Rs 1,350. On the downside it can slide to Rs 1,256.

KLG Systel: Read weekly trading strategy and see what it was at that time and now in 9 trading session it has shot up by 65 per cent from a low of Rs 336 to Rs 555. Above Rs 517 it can flare up to Rs 640 level by this month end. For today's trading consider Rs 546 as support level. On upper side it can flare up to Rs 564 or up to Rs 573.

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