COLUMNISTS
STOCKS
MUTUAL FUNDS
NRI TAX
INDIAN TAX
INTERVIEW
PERSONAL FINANCE
PERSONAL BANKING
INSURANCE REAL ESTATE
GOLD
CURRENCY

Trading Strategy for January 24, 2000

BSE Sensex: The level of 5398 is a trend-decider. It can flare upto 5466, 5510 or 5565.

S&P CNX Nifty: The level of 1633 is a trend-decider. It can flare upto 1633, 1646 or 1662. On downside it can slide to 1600.

Reliance: Buy with stop loss of Rs 321. It can flare upto Rs 330, Rs 335 or Rs 342. Above Rs 342, don't remain short. Be cautious on upper levels because the scrip has formed a butterfly spread pattern.

Sterlite: Buy with stop loss of Rs 538. After crossing Rs 550, it can flare upto Rs 562, Rs 570 or Rs 578. If it breaks Rs 538, it can slide to Rs 530 or Rs 522. Buy this stock on every decline.

Himachal: The level of Rs 885 is a trend-decider. It can flare upto Rs 900, Rs 915 or Rs 940. Above Rs 870, it will be in the firm grip of bulls and in coming four trading sessions, it may touch Rs 1000.

Global: The level of Rs 1068 is a trend-decider. It can flare upto Rs 1090, Rs 1115 and thereafter it can zoom upto Rs 1135. Below Rs 1068 it can slide to Rs 1045.

HDFC Bank: Last week it was clearly mentioned to buy this stock. Buy with stop loss of Rs 186. It can flare upto Rs 200 or Rs 207. Above Rs 199 it will favour bulls and it can flare upto Rs 236.

Ranbaxy: The level of Rs 982 is a trend-decider. It can flare upto Rs 995 or Rs 1015. On downside it can slide to Rs 963. Buy this stock on every decline. It is ready to take off.

Satyam: The level of 2787 is a trend-decider. It can flare upto Rs 2840, Rs 2865 or Rs 2890. Previously it has been mentioned that once it will cross Rs 2850, it will rally to Rs 3100 by month end.

Moser Baer: Buy this rocket. For today's trading buy with stop loss of Rs 318. It can flare upto Rs 335 or Rs 345.

Zee Tele: Buy with stop loss of Rs 1156. It can flare upto Rs 1174, Rs 1192 or the last major exists at Rs 1225. Thereafter don't remain short. Below Rs 1156 it can slide to Rs 1135. It is a rocket and will explode heavily.

Pentamedia: Buy with stop loss of Rs 1318. It can flare upto Rs 1356, Rs 1368 or Rs 1380.

ITC: Buy with stop loss of Rs 816. Keep an eye on Rs 834. Above this level it can flare upto Rs 852, Rs 866 or Rs 880.

Silverline: Buy with stop loss of Rs 816 and Rs 807. It can flare upto Rs 844 or Rs 863 and can freeze thereafter.

Gujarat Ambuja: The worst is over. Buy with stop loss of Rs 294. It can flare upto Rs 306 or Rs 321.

Aptech: Itwill explode heavily. Buy with stop loss of Rs 1893. It can flare upto Rs 1976 if it crosses Rs 1934. Above Rs 1976, it can easily flare upto Rs 2003.

Stocks

Tell us what you think of this feature