MURUGAVEL

NF (5344) - So as posted yesterday it broken 5460-5440 yesterday itself  and started afresh next round of fall and moreover yesterday itself it crashed up to 5323  and now the downside target 5140-5110 in between support 5215-5195 and upside resist remain same at 5460-5440

ICICIBANK (783) - Posted on 18th July "below 990-1010 down side target 775-725" after this post repeatedly resisted at 990-994 range (high 994 made on 24th July) and from there fall started and mentioned down side target attacked on 28th Aug when it made  low 757 and from there it pull backed up to 834 yesterday  and fall once again and made low 776 yesterday . mentioned support range remain same at 775-725

HCLTECH (1024) - As posted on 29th Aug Exactly it attacked the mentioned upside target of 1050 on 02nd  Sep. and  correction also started  Now if not move beyond 1050 correction target 1000-990 &  960-950

FEDERALBNK (230) - Already mega break down happened below 330-320 last month itself and now the fall is going on  now sighting the support only at 110-90 may be in between support come and go then and there that is 195-190 and 155-150 but as long as stays below 330-320 the down side target is remain same. 

ACC (930) - Posted  on 20th Aug "below 1110-1080 down side target 920-900" as posted it broken 1080 on 20th aug. and already attacked the mentioned down side target when it made low 911 on 28th Aug and from there it pull backed to 976 and now once again yesterday attacked 927.  now what next ?  Support remain same at 920-900 but trade and stays below that next in down side  820-800 & 720-700

NF (5555) - Support 5525-5495  & 5460-5440 Above that upside target   5750-5780 But trade and stays below 5460-5440  then can assume that  pull back rally over and ready for another fall

PEL (625) - Before read this post just click here to see the previous post so now attacked the mentioned upside target perfectly and now  what next ?  Hurdle remain same at 635-655 But trade and  stays above that then the Ultimate upside target   860-880 in between resist at 755-785

. PIDILITIND (230) - Above  230-225 upside target 250-255  

RELIANCE (886) - Posted on 31st July "below 845-835 down side target  780-760" as posted it broken and closed below 835 on 16th Aug and exactly it attacked the mentioned down side target on 28th Aug (made low 764) and from there it moved up and up to yesterday it made high 890. Now upside target and hurdle  910-930 and  support exists at 845-835 and below the support once again next in down side  780-760

ZEEL (234) - Above 233-229 upside target 258-262

AXISBANK (833) - As posted on  18th July "below 1200 it attacked the down side target of 855-835" not only that it made low 784 (That is exact double bottom within four years) Now what next ?  Now trade and stays below 790-770 next in down side 535-515

USDINR (65.71) -  If it hold above 65 then the upside target 70+ and afterwards 74+ But stays below 65 then the down side target 61+

BHARATFORG (252) - Yesterday break out happened  So Now support exists at 248-237 Above that upside target  307-318 

HCLTECH (980) - See post dated 02 Aug . as posted  in this month itself it resisted at 950-955 level not one time but two times and as posted supported at 895-885 level this also not one time but two times and at last yesterday it broken and closed above 955   now what next ?  so now previous resistance become support that is now support 960-950 above that now upside target 1035-1050 (Positional target of 1440-1460 posted on 08th March itself)

DLF (132) - See post dated 18th July "as posted below 160 came down to 122 on 06th Aug and from there bounce backed to 160 on 14th Aug and 21st Aug and from there once again yesterday came down to the mentioned down side target of 122. So all mentioned levels are remain same and intact 

CAIRN (325) - Hereafter support 313-310  and trade above 330 upside target 354

NF (5284) - Already posted levels are remain same  that is below 5300-5280 next in down side 5220-5200 But in case trade and stays below that next down side target 5000-4970

ASIANPAINT (410) - Posted on 01st Aug Support 500-490 but it broken the support on 05th aug and from there non stop fall to 412 and after a pull back up to 444  and once again made low 398 and  once again pull backed to 435 and now trading at  410 now what next ?  Once again Recent low  of 398 is Support  But trade and stays below 398-394 next in down side  382-380, 362-360 &  346-342

ALBK (68.30) - Support level  70---65 and real up move, if it hold  above 75 only  But below the support then down side target 56-54  & 46-44

IDFC (94.75) - Below 94 last hope and support 90-86 But below that down side target 66-62

TATASTEEL (282) - Posted on 05th March "below 358-362 Ultimate down side target 170-160 with 4 between supports, whereas it came down to 195(mentioned target incomplete) and from there already moved up 284. now already mentioned in between supports become resistance

JSWSTEEL (545.90) - Posted on  17th July "Last hope and support 563-555 but below that another break down going to happen that take it down to 465-460" Exactly It happened. On 29th July it Closed below 555 and on 19th Aug it attacked the mentioned down side  target of 465-460 (made low 462) not only that, it also took support there and yesterday once again come to the mentioned  upside  level of 563-555 (made high 557) .  what next ?  Now target and hurdle 575-585

ITC (301) - On 15th July Posted upside target 378-384 and as posted it went up and made high 380 on 24th July and from there it is falling down and up to yesterday it made low 296.  now what next ?  Below 310 further fall only  down side target  286-282  &  273-270

DABUR (149) - Posted on 14th May "Top out hurdle 166-174" as posted not one time but two times it attacked the top out hurdle and from there fall started and up to yesterday it made low 145.65. now what next ?  On going fall going to arrest at 144-139 But trade and stays below next in down side 112-108

AMBUJACEM (156) - Below 163 down move only  target 144-140  and below that  114-110

NF (5417) -  Resistance 5450-5470 below that down side target 5300-5280 & 5220-5200

CANBK (210) - Posted on 21st June "below 355-340 down side target 255-250"as posted not only it attacked the mentioned down side target and go beyond also. and after closed below 250-255 it unable to move beyond this level.  now what next ?  support 207-200 but trade and stays below that next in down side 155-140

BHEL (103) - Regarding this.already tweeted on 05th Aug itself and below is the embed on this. Bharat Heavy Electricals http://t.co/dxEyx384OO / support 122-118 and below that 112-108 / in case break below both levels then 88 & 68-66 — MURUGAVEL (@murugavell) August 5, 2013

BANKINDIA (153) - Target and Support 146-140 but below that down move continue to 117-112

ADANIENT (162) - See post dated 17th June "as posted below 180-175 it came down to the mentioned down side target of 151-141 (it made low 145.50 on 02nd Aug and from there it moved up and resisted at 174 ) so as posted already mentioned all levels are remain same  that is Resistance 175-180 below that down side target and support 151-141 and below that next in down side  126-116

ACC (1124) - Last hope and support 1100-1080 But below that down side target  920-900

USDINR (63.85) - Already posted on 03rd Aug. "target and top out 62.93-63.23" whereas yesterday not only attacked the mentioned target but go beyond and closed at 63.85 now what next ?  If move beyond 63.75-63.95 next spike  65.60

NIFTY (5508)  - A lready updated on 07th Aug. itself and after this post it took support at 5487 and from there it went up to 5755 and last Friday it crashed up to 5496 Now once again remind,  all mentioned levels are remain same and intact. 

SYNDIBANK (70.60) - It seems time being bottomed out yesterday  So now Support 69-66 above that upside target   93-96 in case trade and stays below the support  then next in down side 56-55  & 47-45

TECHM (1331) - Posted on 15th July "Above 1154-1176 upside target 1346-1360"  as posted  it broke and close above 1176 on 23rd July and now nearing the mentioned target (up to yesterday it made high 1338)  no doubt today mentioned target going to attack and afterwards  now what next ?  In case trade and stays above 1346-1360 ULTIMATE POSITIONAL UPSIDE TARGET 1830-1850  in between resist at 1475-1500 hereafter if any correction comes, strong support exists at  1160-1140

WIPRO (467) - Upside target and Hurdle  490-510 But trade and stays above that Ultimate upside target  690-710 in between resist at 540-550

ZEEL (248) -  Resistance 249-252  but above that upside target 264-268 and afterwards  283-286 and 301

SUNPHARMA (505) - Down side support 467-457 Upside  resistance 542-552

NIFTY (5542) - Support  5525-5475  But trade and stays below that  Ultimate down side target  4775-4725 in between support 5225-5175

JSWSTEEL (527) - Now time 12.30 p.m. As of  now trading at 506 after making low of 501.05 already down side target posted on 17th July itself  that is 465-460 But in case trade and stays below that  mega break down going to happen  Ultimate down side target 180-160 in between support at 370-350

INFY (3008) -  Resistance 3000-3030 But above that upside target 3260-3300

KTKBANK (73) - Posted on 24th June "below 117-115 down side target 85" as posted not only it came down to the mentioned down side target but  even go beyond that also and as on last Friday it made low 72 now what is in ?  marching  towards 65-63 &  58.50-55.50

LICHSGFIN (164) - Last hope and support 150-140 But trade and stays below that down side target  80-70

M&M (855) - Posted on 13th May "optimum upside target 1020 and expect correction from there" as posted  it made high 1026 on 20th May from there correction is going on and as of last Friday it made low 850. now what next ?  Last hope and support 835---805 But trade and stays below that down side target 620-590

NMDC (96.80) - Upside hurdle 115-120  and  now below 98-102 marching towards 66-64 in between support at 88

POWERGRID (91.35) - Below 92-94 ready for big down move and now trade below 86---82 take it down to 59---52

PTC (39.95) - Last hope and support 38.40-37.30 But trade and stays below that down side target 28-27

RECLTD (151) - Last hope and support 145-140 But trade and stays below that down side target 121---110

RELINFRA (312) - Already posted on 21st June itself. and as posted all mentioned levels are remain same and intact.  so 302-298 and below that  195-----165