MURUGAVEL

NIFTY - If Close above 4400, then may expect some more pullback upto 4550-4600. Otherwise fall will continue in a side ways manner. In downside may expect 4100 and below that 3900. Falling momentum starts once it breaks and close below 3900.

NIFTY - July 26, 2008 posted opinion (titled ROUND TWO) is still valid. May expect 4700-4900 levels and may hold this levels (4400-4900) some more time. THIS IS ONLY A PULL BACK RALLY.

CRUDE OIL gave the TOP OUT signal on third week of JULY 2008(refer july 18, 2008 posted opinion), now the fall is going on. May expect optimum downside target of $ 101 - 98 levels.

NIFTY - As expected after the pullback of 4485, now the correction is going on. In this correction it may come down to 4250 and/or 4100 levels. From there, may expect once again the pullback rise but next time it may be slow and steady. If it break and close above 4485 then that pullback rise may go even upto 4700-4900 levels. It may hold this level (ie.4400-4900) for some more time to distribute. May expect next big fall once again in September '08 onwards . I MAY BE WRONG. BUT IT IS MY OPINION.

NIFTY - Eventhough Weekly Chart Showing good sign of Downtrend arrest pattern (time being ONLY). But next week Political Trend may decide the Market Trend. (ie. next PULL BACK STRENGTH)

CRUDE OIL - Topped out @ $. 147.27

NIFTY - Now 3848 is the support for this Fall. May expect a pullback upto 4250 or/and 4485. Trade below 3848 may expect 3600.

N IFTY - Coming week may be the bottom finding week for the next PULL BACK . that bottom may be Minimum 4100-4050 and Optimum 3950-3900 .

What else to say , except to maintain the 05 June 2008 Opinion. So it continues......

NIFTY - May expect a very Big Fall at any time, maximum another 3 to 6 Weeks timeframe. (After all, It is my Opinion only)

NIFTY - Neutral Zone - 4800-4850 ; Upside - 5100-5125 ; Downside - 4625-4600.

NIFTY - Once again marching towards 4850-4800.

March 29, 2008 Opinion still valid. Once again I repeat, 4850-4800 is the crucial level for short term trend.

NIFTY - Last week Nifty unable to hold above the pullback support level of 4800-4850. so now it become the resistance for the next round fall. ie. 4100-4050.

NIFTY , Broken the immediate resistance of 4850-4800 . Now this level will become the support for this pullback. It may go upto 5100. If Close above 5100 for two days in a row. then maximum topout is 5500-5600 . This is pullback rally ONLY.

NIFTY , now the in-between third leg in the downtrend is going on... with a upper resistance of 4800-4850 and marching towards 4100-4050. (No change in VISION OR MISSION opinion dated 27 JAN. 2008) (Last week, Market once again confirming a major downtrend. Major trends often have a way of running further and longer than most people can imagine.)

As for as Nifty is concerned, no change in the earlier opinion. Worst is yet to come.

If NIFTY Close three days consequently above 5600 , then that will be the Major Trend reversal. Unless or otherwise, everything pullback only.

NIFTY - selling arrested around 4800-4830, now expect a rise may be upto 5170-5200.

Just 15 days before, all the market participants (FII, DII, QIB, HNI, RETAIL etc., etc.,) were ready or even invested (committed to invest) 5 lac crore in a company (till date even their website is under construction only), but today, the same market participants are not ready to pump 0.40% (ie.2000 cr.) of the earlier committed amount to take delivery of the same company. Moral of the Story is always PERCEPTION dominates the Market price, technical and fundamentals just following it.