MURUGAVEL

NIFTY - Even though now toped out at 3110, but it won't give a clear signal (no spike, no big volume and even no big trading interest) for the next big move either downside or upside (as such favour to downside). but one thing we may expect that next month it may be a big move, for that it require to break either 2500 in downside or 3250 on upside to decide the next big move. so let us wait for the clear signal otherwise trade with in the range of 2500-3250.

NIFTY - Today Closed above 2850 so now marching towards 3120 then above this level may go upto maximum 3500-3550.

CRUDE OIL - Marching towards $43 but Rock-bottom $34.

NIFTY - In December, If Close above 2820-2850 then only Upside possible. may go upto 3120 and/or maximum 3500-3550. If unable to close above 2850 then downside may expect 2380 then 2080.

NIFTY - As expected (posted date 02 nov.), low range of 2500 reached last week. So now this is bottom for the next pullback that may go upto, at the best, maximum 3500 (in between resistance is part of the trade)

If Indian Rupees Close above 50 another one or two days in a row then it may Marching towards 59-61 against U.S. Dollors .

NIFTY - November may be net up month, range between 2500 to 3500. This pullback may be top-out in December and fall may starts once again from there and it may continue upto January 2009 marching towards 2000-1800.

NIFTY - Already Closed far below 2800, so may marching towards 2000-1800.

Almost all the stock markets in the world are marching or marched towards very dangerous zone. Probably we may not see the uptrend for several years ie. 5 to 10 years. Even more clear picture may emerge at the end of this year only. May wait end of the year Opinion....

INDIAN REAL ESTATE - Any time Marching towards 2006 First Quater Prices. Don't be surprise even if it touch 2005 or 2004 prices in select areas.

GOLD - Marching towards $600 and then $ 420-380.

NIFTY -   Closed below 3200. So now may touch 2800+ in coming week(s).

BRAZIL - IBOVESPA SAO PAULO - If it close below 33000 two days in a row, then it may come down to 19000+

UK - FTSE 100 - Twelve years low was 3278. Friday close was 3932. It may going to take support around that twelve years low. But it close this year below that level, downtrend may continue another several years.

JAPAN - NIKKEI 225 - Twenty five years low was 7600. Friday Close was 8276. So this year if it close below 7600, God only can save the Japan Stock Market.

U.S.A. - Dow Jones Industrial Average - 7000+ will be the support. But.. But... If it close this year below 7000, then it may going to trade three digit figures (ie., below 1000) in coming year(s).

NIFTY - Most probably Yesterday Low of 3199 or coming week low may be the bottom-out for the recent fall. From here we may expect a very decent pull-back that may go upto 3800 or 4050. It may be in a jig-jack pattern. Nov.08 may be the upside month and next fall may starts once again in Dec. 08. In that fall it may touch 2800. That may be the final fall for this downtrend market which was started at 6357 on Jan.'08. (Please refer my Opinion posted on 27th January 2008 titled as VISSION or MISSION) But.. But... If it close below 2800 for two or three days in a row then next stop may be 2000-1800. After all, It is my Opinion only.

NIFTY - Even the pullback unable to go beyond 4300. So That was the pull-back for the so called American bail out package of $700 billion that to unable convince the congress till date. Now What next to our NIFTY is, If It break and close below 3900, may expect 3500 to 3200.

NIFTY - Technically speaking after the double-bottom formation from 3790-3800, Pull-back can not go beyond 4400-4450. But. but.. last week high voltage drama in the american financial markets and because of that drama, entire world stock markets actions and reactions raises various doubts about the high of nifty. So beyond 4450 , it may go upto 4800+ to 4900+. (In coming days perception will dominate over technicals)

NIFTY - As expected (Opinion posted on 08 September 08 and 30 August 08) fall came and now arrested at 3900+ for time-being. May expect a pullback upto 4200-4250. Falling momentum aggreviate once break and close below 3900.