MURUGAVEL

O n a quiet Friday morning, a young trader at a Mumbai brokerage made what could be the biggest mistake of his life - confusing the value of a client's order with the number of shares. Instead of selling stocks worth Rs 34 lakh, he punched in orders that amounted to a Rs 650-crore selloff. Within seconds, the market went into a tailspin and his employer Emkay Global was left scrambling for cash. It was a reminder that the stock market, often perceived as a barometer for economic prosperity, could be amazingly vulnerable. The bellwether Nifty crashed by 900 points (more than 15%) amid heavy volumes and the market shut down for 15 minutes, with arbitrageurs who cash in on the difference between the spot and futures markets taking a heavy hit. Friday's development may be raised at the meeting between Finance Minister P Chidambaram and the Sebi board. Emkay, whose trading terminals have been frozen following the incident, will have to organise funds by Tues...

Given the opaque style of functioning and NSE being the favoured exchange of SEBI, the exchange will go scot-free once again. However, SEBI should seek clarification from NSE and also penalise both exchanges for not following its circular on index-wide filters The so-called high-tech systems of National Stock Exchange (NSE) failed today.  The exchange which boasts as technologically advanced was hit by a trading error. What I wonder most was not the error but the index which had to stop trading as 10% circuit filter went all the down to 4,888 which is 15.8% down (As per NSE’s own website the day’s low is 4888.2). If one reads the NSE's circular dated 28th September ( http://www.nseindia.com/content/circulars/CMTR21799.pdf ), a 570 point (10%) should have triggered the circuit breaker . Once the circuit breaker is hit, the market (both NSE & BSE) have to be closed immediately for one hour. Extract from the circular is as follows: On September 28, 2012, t...

MARUTI (1390) - Posted on 17th Sep " Above 1250-1240 Upside target 1415-1430" as posted yesterday it almost attacked the mentioned upside target (made high 1410) Now resist 1415-1430 In case trade and stays above then ready for another big upmove 

RELCAPITAL (452) - Posted on 24th Sep . Upside target 442-458 as posted yesterday completed the mentioned upside target (made  high 462) Now what next ?  In case trade  above 462 going to top out 480-495

SBIN (2345) - Posted on 24th Sep "Above 2240-2260 upside target 2335-2375" as posted yesterday it attacked the mentioned target (made high 2349). so now already mentioned resist of 2375  remain same But trade and stays above that next attack in upside 2466-2476

SOBHA (383) -  Already Posted On 08th Aug Itself. As posted yesterday only it traded and closed above the mentioned hurdle of 365-370 so now All mentioned upside targets and levels are intact.

NF (5771) - Support 5730-5700 Above that upside target 5820-5840 & 5930-5960

SIEMENS (739) - Posted on 31st Aug. "above 690 upside target 738" as posted yesterday it attacked the mentioned upside target.  what next ?  Now Face Resistance  745-765  But trade and stays above that next upside target 838-848

ESSDEE (212) - Now Support 210-205 Above that short term upside target 308-318 in between resist at 224-228

  ADVANTA (846) - Posted on 16th sep 2011 above 400 ultimate upside target  760, after one year it attacked the mentioned target on 01st oct and yesterday even it moved beyond and made high 883 now what next ?  Now Above 730-760 this round ultimate upside target 1300-1310 in between resist at 969-999

ADANI (208) - Resistance 208-212  and down side support 195-191 But trade above the resist up side target 230-233 &  246-250

NF (5757) - Support 5730-5700 Above that upside target 5820-5830

MPHASIS (414) - Trade and stays above 416-418  upside target 438-443

APOLLOHOSP (769) - Here after support 720-700 Above that short term upside target 984-1004 In between resist at 840-850

FINANTECH (975) - As reminded on 14th Sep . Last Friday , it attacked  the mentioned upside target of 975 (made high 979),  Now what next ?  Ready for another big up move  Hereafter support 960-930  If it hold above that next attack in upside 1045-1065 and afterwards ultimate upside target 1350-1370

TITAN (261) - Posted on 11th Sep. "Above 238-241 upside target 263-266" as posted last friday it attacked  the mentioned upside target (made high 262.70). As posted in the same post , Now Resistance 263-266  but if it trade and stays above 263-266 then ready for a big move For that, short term upside target 318-326 in between resist at 285-295

WIPRO (381) - Trade above 384-387 upside target 414-418 Downside support 370-366

NF (5690) - Now the Trading range is  Support 5670-5650 Resistance 5740-5760

MCDOWELL-N (1275) - In the last five days, non stop rally happened from 940 to 1295 Here several times posted and every time it attacked and crossed each and every upside target Now what is in ?  Hereafter Any correction happen, down side support  1100-1050 Upside target 1640-1690

JUBLFOOD (1346) - Posted on 09th Aug. "Above 1275 upside target 1360" as posted it broke and stayed above  1275 on 17th sep and yesterday, exactly it attacked the mentioned target (high  1360). Now what next ?  Hurdle 1340-1360  But trade and stays above that then ready for big up move  Short term upside target  1605-1625 Hereafter in down side support exists at 1310-1290

PANTALOONR (218) - Already Formation Happened For A Big Up Move Hereafter Support Exist at 203-193 Above that Upside Target 283 In between resist at 258-262

JSWSTEEL (739) - Last three days topping out formation is going on.. So Hurdle 760-780 if it not move beyond then expect fall  But in case trade and stays above that then ready for big up move. If it happen, then, will post the target.

TALWALKARS (180) -  Hurdle 180-185 But trade and stays above that Upside Target  216-226

NF (5685) - All Levels Remain Same : Now T rend Deciding Level  5680---5730    Above that upside 5820-5850   Below that downside 5630-5600  & 5480-5450            

BAJAJAUTO (1788) - Posted on 17th Sep. Posted  upside target 1840-1850 whereas yesterday it went up to 1829 and it seems topped out.   So resist remain same at 1840-1850  and in downside if trade and stays below 1780 come down to 1735 & 1695

CENTURYTEX (360) - Now Resistance 361-366 But trade and stays above that upside target and Strong Hurdle 385-395 In case if it cross  and hold  above mentioned hurdle then ready for a big up move.  Will post, when it happen.

GODREJIND (291) - Posted on 12th Sep. As posted Yesterday only it broken the mentioned hurdle so the mentioned upside target intact

HAVELLS (621) - If it hold above 615-605 up side target 696_716

JINDALSTEL (425) - Rally over at 455 and reversal happened So Resist at 450-460 Down side target 395-390  

JUBLIANT (222) - Already posted on 11th Sep. It is Just Reminder Only

NF (5683) - All Levels Remain Same : Now T rend Deciding Level  5680---5730 Above that upside 5820-5850 Below that downside 5630-5600  & 5480-5450      

LICHSGFIN (276) - Hurdle 281-284 But trade and stays above that, then ready for big up move First upside target 299-309  and next  target 330-335 But Above that  Ultimate Upside Target 448 Please Note : Should Give Respect to all mentioned levels

M&M (839) - As posted on 07th Sep. it supported at 752 and Last Friday it attacked the mentioned upside target of 825 and yesterday even it moved beyond and made high 844.  what next ?  Now support 825-815 and above that up move continue to 860_880

MCDOWELL-N (1054) - Posted on 14th Aug. Upside target 1062-1072 and said in the tweet dated 07th sep. "correction come and go but the mentioned upside target intact" and as posted yesterday it attacked the target (made high 1100 and closed at 1054) now what next ?  Now if trade and stays above 1072-1082 up move continue to 1125-1145

MCX (1338) - Now it is ready for a big up move  with  correction or even with out ! If it hold above 1330-1300 then big up move is confirming  For this Short Term Upside Target 2000-2030   In between resist at 1425-1450 

NF (5709) - From 10th Sep. onwards posted here upside target 5688-5710,  last Friday , it attacked the mentioned target when it made high 5735. what next ?  Now T rend Deciding Level  5680---5730 Above that upside 5820-5850 Below that downside 5630-5600  & 5480-5450

SBIN (2213)  - Resistance 2240-2260 but above that  Face Hurdle 2335-2375

RELCAPITAL (400) - Posted on 03rd Sep. "LAST HOPE AND SUPPORT 320-315" as posted, exactly it took support at 319 on 03rd Sep itself  and from there it already moved up and last Friday made high 403.70 Now if it not break 395-385, it seems the rally going to continue till 442-458

PNB (837) - Top Out 870-890

BANKBARODA (780) - Top out 860-880

AXISBANK (1125) - In the last two weeks it already moved up more than Rs.200/- Now Face Hurdle 1130-1160 But trade and stays above that then ready for another big up move,  For that target 1307-1317

ABIRLANUVO (855) - Already Break out happened on Last Friday  So here after support exists at 835-815  Above that upside target 928-938

ALSTOMT&D (Formally AREVAT&D) (198) - Last Hurdle 205-210 But trade and stays above that short term upside target 273-283

BHEL (232) - Several times posted here about its bottom out support of 198-194 and Once again reminded on 13th Sep. also and as posted,  it supported at  the mentioned level (this it made low 195) and from there it moved up and last Friday it made high 233.55 Now what next ?  Upside target and Last hurdle 240-245 But once trade and stays above that next attack in upside 284-294

NIFTY (5691) - Posted on 18th Aug. About NIFTY 's Make or Break Status and told the important s of  the number 5400, as posted first attempt of above 5400 made on 21st Aug but it failed and again attempt to close above 5400 made on 12th Sep. and this time with in 6 trading sessions it attacked the mentioned upside target of 5700+ (today it made high 5720).  What Next ?  If next week also hold and close above 5630  Then the path is open to see the New High ! So Hereafter immediate support exists at 5630-5580  and Below that Already mentioned Make or Break Number of   5450-5400 will be the Strong Support. Unless And Until the Number 5400 Hold  then the Short Term Up Side Target 6489_6640 If the above mentioned condition hold, It may happen with in 3 to 6 Months duration

NF (5560) - All Levels remain same : Upside Target and Resistance 5688-5710 Down Side Support 5480-5460          

INFY (2617) - See post dated 14th Sep. "posted support 2550-2500" After this post, in the last three days it repeatably took support at 2550. as long as it hold this level, mentioned up side target intact. It Is Just Reminder Only