MURUGAVEL

NF (5808) -  As posted yesterday, almost pattern confirmed the timebeing bottom out. today follow up require to get the more confirmation. Now support 5770 and 5700. if hold, then expect  5840-5860 & 5910 but  ultimate in this round 5984.

DLF (257) - As posted on 07th Jan. Below 275 downside target 252-250. yesterday, exactly it made a low of 252 . Now what next ?  This is the support and in worst case it may come down to 246 so from here, expect pullback up to 267 & 275.  But in case, if it trade and close below 246, real problem en route to a big fall, which was mentioned in 29th nov.10 post itself

HINDOILEXP (201) -  Bottom out support 200-195. so above this expect pullback 223-228

KIRIDYES (377) -  Support 375_365 and above 400 upside target 420 & 450.

ORCHIDCHEM (265) - Once again as posted on 10th Jan. fall continued and reached the mentioned target of 262-258 also (made a low of 262)  so as posted here, it fallen from 315 to 262, that to with 6 days.   now what next ? Unless otherwise trade and close below 258 only further fall. so timebeing going to bottom out here and expect pullback 285-290

TATAMOTORS (1158) - Posted on 21st Dec, once again hurdle at 1384 and expect correction. As expected it went upto 1375 from there it already fallen to 1141.    time being fall over. so support 1140-1130 from here expect pullback 1225-1250.

YESBANK (272) - As posted  on 10th jan. it came down and  take a reversal from the mentioned  in between support of 260 Timebeing yesterday bottomed out at 257, now go up to 282 & 310.

NF (5757) -  Whether going to timebeing bottom out today ? Today may be reversal day ! In upside face hurdle at 5800 & 5860 but trade and stays above , upmove to 5990. In downside support exists at 5750 but below that 5680 and afterwards 5620.

WIPRO (461) - As posted on 04th Jan. it topped at 497 and as expected, fall is going on, now in down side attack 450_440.

MCLEODRUSS (203) - Posted on 6th Jan. strong hurdle 223. As expected it exactly hurdled at 223 and from there it already fallen to 201. now below 198 fall continue to 180.

JSWSTEEL (986) - Last hope and support at 945_930.

IDBI (149) - If trade and close below 144, fall upto 120-118 and in between support exists at 132.

HINDALCO (222) - Now hurdle 227-230. if not trade above this level, fall upto 196.

HDFCBANK (2152) - Trade and close below 2150, ultimate down target 1900  in between support at 2050.

EDUCOMP (488) - As posted on 21st dec. from 518 it reached the mentioned target of 556 and from there it falling down.  now fall may arrest at 480 but if not, then fall continue and once again test the low 440.

BPCL (605) - As posted on 03rd Jan. Below 650 it came down and attacked the metioned target of 601. now what next ? If trade Below 601 may fall to and worst case low 588 but trade below that, fall continue to 552.

BGRENERGY (631) -  Trade and close below 625, fall continue to 525_510.    minor support exists at 565

BAJAJAUTO (1262) - Last 6days it falling down from 1565 to 1256. On going fall, going to arrest either 1205-1195 or worst case at 1115.

AXISBANK (1255) - Last hope and support 1230 but trade and close below that fall continue to 1150_1115.

ABAN (725) - As posted on 30th dec. exactly it went upto 825 from there fall started and already corrected Rs.100/- now what next ? Hurdle 737 and now trade below 717 fall continue and once again going to touch the bottom 640-630.

NF (5896) -  Hurdle 5950  & 6000.    Support 5825  &  5765

ORCHIDCHEM (284) - As expected and posted on 06 jan it came down to 285 now below 290-285 fall continue to 262-258.

ORIENTBANK (365) - As posted on 31st dec. below 395 it came down to the mentioned target of 370 and made a low of 362. now below 370 come down to 355-350 and afterwards ultimate down target 320_310.

RAYMOND (351) - Hurdle 360 below that come down to 332-328.

RECLTD (269) - As posted on 30th dec. above 285 it went upto 298 and made a high of 303 from there fall started and broke the support of 275 and came down to expected target of 260-250 and made low of 258.    It seems time being bottomed out on friday, so hereafter support exists at 260_250 and expect bouce back

RELIANCE (1065) - Strong support 1050-1040 but trade and  close below that expect fall upto 993.

RELINFRA (829) - As posted on 03 Jan. Above 830, upside target 899-909. whereas it went upto 895 and from there correction is going on. now hurdle  840-850 and below 820, fall continue to 783-773

SESAGOA (332)  - As posted on 04th Jan. It topped out at 347 and expected correction is going on. expect in downside 320 & 312.

SUNPHARMA (493) - Last friday, timebeing it topped out at 512 so below that expect in downside 471 & 452.

TATASTEEL (661) - As posted on 6th jan.downside target of 658-653 also  reached . now if not take support 658-653, again fall continue to 632-626.

YESBANK (270) - Hurdle 280, below that, in downside target 245 in between minor support at 260.

 NIFTY (5905) -   Now,   Hurdle 5940 & 6040. So Below 5940,  timebeing, going to bottom out at 5820 or maximum low 5770-5750. If not hold there, then next attack 5610_5550. Several times, posted here and repeat once again, at one stage NIFTY going to touch 5300+ any time during this year 2011 .   Whether going to happen this round itself  ?   NIFTY expectation for the year 2011 :  Low 5300+  and  High 6900+

Rearranged the Positional Calls list for year 2011 into four category: 1. Positional calls,  2.  Target reached ,  3.  Breakout but failed   and 4.  Yet to break out  .  So hereafter in Positional Calls menu, only the first category will be updated on weekly basis as usual.  The Positional Call Stocks :  SYMBOL Break-Out Target 07 Jan 11 Close % Return Till Date High ADANIENT 665 1211 628.1 -6 786 AEGISCHEM 242xb 457xb 314.1 30 416.9 AIAENG 365 625 402.8 10 488 AJANTPHARM 203 385 210.85 4 273.8 AKZOINDIA 690 1025 790 14 970 ALFALAVAL 1270 1938 1223.15 -4 1523 AMAR 102 190 107.3 5 171.3 ANDHRABANK 129 222 141.4 10 189.9 APOLLOTYRE 63 111 64.3 2 89 ASHOKLEY 57.5 102 62 8...