MURUGAVEL

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

NMDC - support 524-521 hurdle 577 & 605

NIFTY - In downside after break 4950 next attack 4860-4810 and below this level may slide upto 4540-4490 . If pullback happens, it may spick upto 5080 or maximum 5120-5160 .

NIFTY - today intra-day may come down to 5030 & 4980-4950 and after that whether it Close above 5050? (see 13 jan.10 posting). Major trend reversal may possible today favour to Bears. Can Bulls fight back ?

SIEMENS - below 622 may fall upto 605 & 592

RAYMOND - support 245 & 232 resist at 273 & 292

MAHLIFE - support 390, 375 & resistance 420, 440

JAICORP - below 288 come down to 263 & 250

EVERONN - weak below 425 and after break 410 may fall 390 & 375

DRREDDY - last support 1100, if break and trade below this level next attack 1060-1050.

BHARISHIP - Weak below 310 may come down 290-288 and below 276 & 248

REDINGTON - If not break 340 may comedown to 320-318. resist 355

OMINITECH - If not break 197 (maximum 203) downside may expect 184-182 & 177

HAVELLS - resist at 632 & 654 / support 590 & 567

JAICORP - above 285 may touch 308-312. support 276, 262

MBLINFRA - above 240 may attack 256 & 265

WALCHANNAG - If not break 287-290, may fall upto 272 & 265

KOTAKBANK - If not break 890-895, may fall upto 860 & 840

HDIL - trade below 380 may fall to 371-366

JSWSTEEL - Weak below 1165 may fall upto 1134 & 1118

RAYMOND - trade below 232 may fall upto 222-218

resistance 292 & 296 and support 278 & 270

GAMMONIND - If trade above 262, may go to 277 & 292-295. support 251

TWL - above 433 may go to 448 & 459

YESBANK - Two Close above 278 Target 385 & 514

VIDEOIND - above 245 may go to 256 & 262

IRB - above 278 may go to 287 next attack 324

BOMDYEING - above 603 may attack 652 & 678

BALMLAWRIE - above 700 may go to 758, 775 & 810

BALMLAWRIE - Two Close above 734 Target 1267

APIL - above 603 may attack 628-632 optimum 655

ANANTRAJ - above 151 may go to 162, 166

CANBK - weak below 391, downside may expect 379-376 & 351

AXISBANK - Below 1080 weak. May come down 1050 & 1032-1026.

BASF - above 440 may go to 463 & 483

GESHIP - trade above 316 may go to 327 & 334-337

REISIXTEN - above 127 may go to 141-144. above this levels may touch 160-170 in few days...

REC - above 265 target 276 & 284

SOBHA - once break 309 may go to 336 & optimum target 382

TUBEINVEST - support .83-81 , resist. 96-98

ZENSARTECH - Two Close above 375 Target 684

SUPREMEIND - Two Close above 420, Target 748

SRTRANSFIN - Marching towards 698, Support 435

PFC - Two Close above 298 Target 509