MURUGAVEL

NIFTY - may form lower top or double top as per the trendline. so BE ALERT @ 4650-4700 zone. If trade above 4700 comfortably then stop may be below 4650 and target may be 4900 - 5050 zone.

NIFTY - Fall arrested and reversed from the support zone of between 4000-3800. Now marching towards 4550-4600 zone

NIFTY - Support 4000 and 3800 Resistance 4600 and 4900

NIFTY - It got support at 4200, now may expect pull back upto 4450.

NIFTY Resistance - 4950 - 5250 Support - 4200 - 3950

NIFTY - moved beyond imagination (somewhat irrational) now may be attack 4650 or 4800 Any way the gap is going to fillup any time .

NIFTY - Resistance 3750 and 3900 Support 3350 and 3200

NIFTY - This month resistance 3500 ( refer opinion dated 03 Apr.09). Now, If it trade above 3500 comfortably then may expect 3650-3700 this month itself.

NIFTY - At last now we know the base for this downtrend which was started on Jan.2008. hereafter we may see one rally. ( before that, correction may or may not come even upto 3000+ or 2900+) which may going to fizzled out in between 3650+ minimum or 4100+ optimum. (Note : The above opinion is based on price movement. In future, if any thing happen worst for the economy or country, my opinion may change.)

NIFTY - UPSIDE 3300 and 3500 DOWNSIDE 2900 and 2700

NIFTY - may be top out anywhere between 3100-3250. If it trade above 3250, it will be the signal for breakout . After the breakout it may come down even upto 3000+ but it will be only correction. Upside may expect 3650-3850 But if it unable to break and trade above 3250 then we may expect once again 2500 + Be ready for either way possibility. TOP OUT or BREAK OUT ?

If NIFTY will not break and trade comfortably below 2500 before June 2009 , we may come to a conclusion that the bottom was already over in Oct.2008 itself. (it may be more confirmed, If it break and trade above 3250). i hope that i am the first person to say so. It may be wrong but my opinion is opinion.

NIFTY - No change in the existing Orbit of 2500-3250 (very long sideways moments still continue.....) So it took support at 2500+ and now again try to attack in higherside 2800 and 2900

NIFTY resistance 2800 If it break and close the resist , then target in upside 2900 and 3100. If unable to break the resistance downside we may expect 2600 and 2500. And below 2500  FREE FALL ..... .. ... 

I completly withdraw the 14 Feb.09 positional including NIFTY. When the market is in the single orbit (ie. 2500 to 3250) for the past 18 weeks and moved and trade in between all these 18 weeks, big positional thinking should be avoid ( i got the some reversal signal on second week of feb.09 but it reversed in third week of feb.09 itself). so back to squre one, let the market clear the above mentioned orbit, then think about the next move. Last week most the countries were in new low or near to the new low. ie. one country sentiment dragging the other countries and this process may go on some more time before it delink. In the meantime, GOLD may going to bubble (target $1800 to $2400 it is possible if it trade above $1200) with in 12 to 18 months period and after that bust like CURDE OIL (The same kind of people who manipulated the CRUDE OIL are now trying to play in the GOLD beacuse they don't have any other market to play. For this they may plant stories like curuncies are weak ...

14 Feb.09 all positional stops are near to today's low. Act accordingly.

APIL (cmp 286) - Target 360-460 / Stop 245 CHAMBLFERT (cmp 42) - Target 55 - 67 / Stop 35 GNFC (cmp 63) - Target 99 - 121 / Stop 54 JPASSOCIAT (cmp 75) - Target 128 - 154 / Stop 58 JKLAKSHMI (cmp 42) - Target 74 - 92 / Stop 35 LITL (cmp 137) - Target 174 - 224 / Stop 115 NAGARFERT (cmp 18) - Target 28 - 34 / Stop 14 RAJESHEXPO (cmp 25) - Target 45 - 55 / Stop 19 RELINFRA (cmp 570) - Target 680 - 920 / Stop 505

NIFTY CMP - 2950 TARGET - 3650 - 3850 STOP - 2750 - 2650

NIFTY - nothing new expect maintaining the last week (31 Jan.09)opinion : Marching towards 3120 . ( In-between resistance 2925 and support 2775 ) (Repeated opinion for the last two months is : Nifty locked between 2500-3250 (already 16 weeks are over) range. Big move may happen once it break this locked range until then this kind of trading range only possible .)