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Trading Strategy for January 10, 2000

BSE Sensex: The level of 5405 is a trend-decider. It can flare up to 5460 or 5510. On downside it can slide to 5355. There are bright chances that it will cross its all-time high in coming days.

S&P CNX Nifty: The level of 1613 is a trend-decider. On upper side it can flare upto 1628, 1636 or 1644. Below 1613 it can slide to 1597 level.

Reliance: Buy with stop loss of Rs 307. It can go to Rs 322 or Rs 331 if it stays and trades above Rs 313. Buy this stock on every decline.

SBI: Buy with stop loss of Rs 271 and Rs 268. It can go to Rs 286, Rs 294 or expect upper freezes.

ITC: It was mentioned in this column that this stock is not injurious to financial health. Considering Rs 833 as crucial support level, traders can buy this stock. It can flare upto Rs 870, Rs 890 or Rs 915.

Tisco: Above Rs 162 level, it will favour bulls only. Major hurdles exist at Rs 179, Rs 196 or Rs 215. The level of Rs 171 is a trend-decider. It can flare upto Rs 177 or expect a jump to Rs 182. Below Rs 171 it can slide to Rs 163.

Tata Tea: Above Rs 584 level, it can zoom upto Rs 632 which is its last major hurdle. Upper targets are Rs 687 or Rs 742 by month end.

Bajaj Auto: The scrip may cross the Rs 1000 mark in the next three months. Above Rs 397 it will favour bulls only. Expected upper targets are Rs 432 and Rs 466 for this month.

L&T: The level of Rs 542 is a trend-decider. It will have to cross Rs 557 to regain strength. It can slide to Rs 528. Above Rs 557 it can flare upto Rs 572 level.

MTNL: The level of Rs 264 is a trend-decider. After crossing Rs 272 it can go to Rs 280 and thereafter expect an upper freeze. On downside it can slide to Rs 255.

Satyam: Buy above Rs 2336 only. On upper side, it will try to touch Rs 2362, Rs 2388 or Rs 2440. Below Rs 2284, it can slide to Rs 2230 and don't remain long at that level. The last and major monthly support is at Rs 2100 and grab it there.

Pentafour: Above Rs 1255, it can flare upto Rs 1290 or Rs 1320. Below Rs 1222 it can slide to Rs 1190 and thereafter expect a free fall. Below Rs 1240, it will favour bears only and can tumble to Rs 1080.

Global Tele: The level of Rs 975 is a trend-decider. It will have to cross Rs 1000 to show strength. It can flare upto Rs 1020 or expect upper freeze. On downside it can slide to Rs 950. Buy on every decline.

Himachal: A crossover above Rs 770 will take it to Rs 798, Rs 806 or expect an upper freeze. Buy on every decline.

Silverline: Buy above or sell with stop loss of Rs 782. It can flare upto Rs 802 or Rs 823. Below Rs 782 it can slide to Rs 740.

Telco: Buy with stop loss of Rs 232. It can flare upto Rs 245 or Rs 252. A decisive crossover from Rs 252 will take it to Rs 269 or Rs 288.

Ranbaxy: The level of Rs 926 is a trend-decider. It can flare upto Rs 949 or Rs 975. If it trades below Rs 926 it can slide to Rs 902 or Rs 880.

Gramophone: Buy with stop loss of Rs 698. It can go to Rs 750 or expect an upper freeze. Buy on every decline, it will touch Rs 1000 soon.

Jain Studio: In two months this stock has tripled and will cross Rs 1000 soon. Above Rs 445 it can flare upto Rs 457 or expect an upper freeze.

Zee Tele: Buy with stop loss of Rs 990. It can flare upto Rs 1047 and consider this level as crucial resistance. Above this level it will zoom upto Rs 1076 or Rs 1099. Buy on every decline.

ACC: Sell if it revives. Considering Rs 247 as strong resistance level, it can slide to Rs 219 and can tumble to Rs 190.

BHEL: Above Rs 222, it can flare upto Rs 240 or Rs 270. This stock has been hammered from a price of Rs 350 for more than six months.

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