MURUGAVEL

NIFTY (5539) -  The year 2011   1st Qtr -  Fall (it almost happened) ie 5300-5200   ( assume low formed or to be form. if deviate, then the pan out differ ) 2nd Qtr -  Consolidation 3rd Qtr - Break out or To be break out.  Rally starts... 4th Qtr. -  Attack the expected target. ie. 6900-7000

NF (5548) -  Mid Point  5540-5550  Below that, downside support exists at  5485-5475 But stays below this level, take it down to 5366-5342. Upside hurdle remain same at 5623 but above that level, upmove to 5688 & 5719.

M&M (676) -  Timebeing topped out at 692 expect correction 634-630 But if stays above 692 may move upto 725.

SBIN (2705) - As posted several times here, Hurdle 2730-2750  and even above that also face hurdle 2800-2820. so expect correction.

AXISBANK (1328) -   Face hurdle 1330-1350 expect correction 1235-1215 But Trade and stays above 1350 upmove continue to 1430-1450.

ABAN (585) - Posted on 21st Feb. Below 588 downside target 525-510. as expected it came down to exactly 525 from there it is moving up. now what next ? Support 580-570 above that upside target 640-650 In between minor resist at  606-612.