MURUGAVEL

NIFTY - ranged between 4810 -4950 but after break 4760 next attack 4610.

ZYDUSWELL - If trade above 336-338 may go to 354-356. support 318

WALCHANNAG - below 261 weak and break below 256 may fall to 250 & 240

STER - If not break 727 may go 745 & 755. trade below 727 may crack upto 710 & 690

NMDC - support 465-461 resist at 495-500

MPHASIS - today range 705 - 673

KRBL - support 235 and resist at 255 & 268

CAIRN - Resistance 265. Last hope 253-250. below this level may fall to 233 & 223-220.

CROMPGREAV - above 446 may attack 459, 468 & 494. support 430.

JAICORP - above 300 may attack 320 & 328. support 290

BOMDYEING - once break 555-558 may go to 580 & 593

EDUCOMP - support 700 and once break 722 may go to 740 & 752. last hurlde 802.

HAVELLS - support 555 & 545 and may go to 585 & 600

FORTIS - above 150 may go to 156 & 167. support 144

KBRL - above 233 last hurlde 244 and above 255 & 262 may be freeze. support 223-220.

SESAGOA - above 362 may go 380 & 390-393. support 354-350

KRBL - Two Close above 243, Target 306 & 443

FEDERALBNK - above 260 may go to 270-272 & 280. support 250

STCINDIA - above 527 may attack 550-552. support 508-503

HCLTECH - above 355 may attack 366 & 376. support 340-338.

IBREALEST - above 178 may go to 188-190. support 171

BPCL - above 545 may go to 564 & 575. downside support 534

CIPLA - above 319 may go to 330 & 336. downside support 308

CHENNPETRO - above 238 may go to 245 & 254

CARBORUNIV - Two Close above 196, Target 245 & 321

NFL - above 112, Target 140 & 204

MPHASIS - above 665 may go to 684-690 & 702. downside support 645 & 635

JAICORP - below 300 may come down to 280 & 270. resist 310

EDUCOMP - trade above 650 target 679 & 692

BHARTISHIP - below 278 may come down to 258-253 & 237

SAIL - support 212-210 may go to 227-231

ROLTA - above 193 may go to 203 & 209. support 186

RELCAPITAL - below 775 may come down 745 & 725. upside resist 805 & 825

MBLINFRA - If not break 208 may go to 230 & 244

ABAN - support 1175-1150 resist 1260-1270

MCLEODRUSS - If trade above 232 may go to 245 & 260

INFOTECENT - above 356 may go to 372, 380 & 408

ORBIT - If not break 356 may come down to 329 & 311 upside hurdle 367 & 382

JETAIRWAYS - above 542 may go to 562 & 576

HDIL - trade below 329 downside target 310 & 290. hurdle 345

BHUSANSTL - below 1537 may take to 1491 & 1450-1425

BHARATFORG - 281-283 hurdle. downside may go to 264 & 253

HCLTECH - Below 364 may fall to 349 , 332 & 320. Resist 372

NIFTY - Two consecutive weekly close below 5000 confirm the downward target of 3700+. It may be one wave or two to three waves. This will be the correction for the first bull wave of 2300+ to 5300+(as such I presume, first bull wave was already over). After this correction we will going to see two more bull waves, which it will take the NIFTY to five digit figure. (exactly two years before i posted [dated 27 January 2008] titled "VISION OR MISSION" and still it is valid)

BRIGADE - above 150 may go to 163 & 168

FEDERALBNK - above 272 may go to 282 & 287. Good support @ 264

HAVELLS - hurdle 587-591 above this level may go to 615 & 638. downside support 570 & 542

HINDCOPPER - above 617 may go to 642 & 663

JAYSREETEA - Below 356 may come down to 345 & 330. resist @ 370

KWALITY - above 157 may take to 172-175