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Trading Strategy for 18th October 1999

Sensex: The level of 4948 is a trend decider, on downside it can slide to 4801, 4760 or to 4719 level.

Nifty: The level of 1471 is a trend decider, on downside it can slide to 1430 or to 1407 is also possible.

Reliance: Buy above Rs 236 level only, on downside it can slide to Rs 228 or to Rs 224. Buy on decline. If it crossses Rs 236 then it can jump up to Rs 240.

SBI: Buy above Rs 250, on downside it can slide to Rs 239 or to Rs 234 level. On upper side after crossing Rs 250 it can flare up to Rs 255.

ITC: Below Rs 816 it can slide to Rs 789 or expect a free fall to Rs 761 level. On upper side it will face strong resistance at Rs 844.

Tisco: Buy above Rs 146 level, on downside it can slide to Rs 137 or to Rs 133 level, on upper side it will have to cross Rs 146, then it can jump up to Rs 150 level.

Silverline: Buy above Rs 490 level, on downside it can slide to Rs 461 or to Rs 453 level. If it crosses Rs 490 then it can flare up to Rs 497 or up to Rs 505 level.

Rolta: Buy above Rs 177 level, on upper side it can flare up to Rs 183 level. On downside it can slide to Rs 167 or to Rs 161 level.

L&T: Buy above Rs 410 level, on downside it can slide to Rs 392 or to Rs 386 level. On upperside after crossing Rs 410 it can zoom up to Rs 422 level. Buy this stock on every decline to become millionare.

Global Tele: It will face resistance at Rs 604 or at Rs 619 level. On downside it can slide to Rs 558 or to Rs 543 level.

Satyam: Buy this scrip above Rs 1,523 level only, on downside it can slide to Rs 1,475 or to Rs 1,454 level. If it crosses Rs 1,523 then it can zoom up to Rs 1,564 level.

Pentafour: Buy above Rs 704 level only, on downside it can slide to Rs 662 or to Rs 639 level .If it crosses Rs 704 it can flare up to Rs 727 level.

Telco: Buy above Rs 278 level only, on downside it can slide to Rs 263 or to Rs 253 level. If it crosses Rs 278 it will try to jump to Rs 288 level.

Zee Tele: Buy above Rs 4,704, but after that also it will face resistance at Rs 4,773 level. On downside it can slide to Rs 4,496 level.

HCL-HP: Buy above Rs 602 level, on downside it can slide to Rs 572 or to Rs 563 level. If it crosses Rs 602 then it can zoom up to Rs 620 level.

Infosys: Buy above Rs 7,762 level, on downside it can slide to Rs 7,574 or to Rs 7,493 level. If it crosses Rs 7,762 it can flare up to Rs 7,842 level.

MRF: Crossover above Rs 2,575 will take the scrip up to Rs 2, 658 level, there after don't remain short.

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