MURUGAVEL

Indians are the largest depositors in banks abroad with an estimated 500 billion US dollars (nearly Rs 24.5 lakh crore) of illegal money stashed by them in tax havens, the CBI Director said today. India , in particular, has suffered from the flow of illegal funds to tax havens such as Mauritius , Switzerland , Lichtenstein, British Virgin islands etc. "It is estimated that around 500 billion dollars of illegal money belonging to Indians is deposited in tax havens abroad. Largest depositors in Swiss Banks are also reported to be Indians," CBI Director A P Singh said speaking at the inauguration of first interpol global programme on anti-corruption and asset recovery. He said getting information about such illegal transactions is a time taking process as investigators have to peel each layer by sending judicial requests to the country where such deposits have been made. "53 per cent of the countries said to be least corrupt by the Transparency Internation...

NF (5388) -  All levels  are remain same : Resistance 5392-5422 But above that upside target  5503-5533 and  below that down target  5330-5300. {  5533-5503 << 5422-5392 >> 5330-5300  }

PNB (1008) -   As already posted here Hurdle remain same 1005-1025 But in case trade and stays above that upside target 1114-1134 In between minor resist at 1075

TATACHEM (357) - Trade and stays above 360-364 Up side target 419 in between resist at  371-378  &  388-394

TATASTEEL (475) -  Face resistance 482-492 But above that up side target  529-539

WIPRO (449) - As posted on 26th Dec. and reminder on 04th Jan. It took support the mentioned level of 392-390 and last friday it attacked the mentioned upside target of 445-455 (made high 450 ) what next ? Trade and stays above 455-445 then up move continue to 490-500 otherwise expect correction from here.

NF (5449) -  Now Support 5422-5392 Above that upside target 5503-5533 But below the support, down target remain same at 5330-5300

JINDALSTEL (603) - Hereafter if it maintain the support of 602-582 Then the short term up side target 750-770 in between minor resist at 630-640

JINDALPOLY (238) -  Last hurdle 242-246  But Above that short term upside target 345-350 in between resist at 260-264 & 284-288

HDFCBANK (522) -  Above 520-500 short term upside target 638 In between resist at 560-570

CAIRN (382) - Hereafter support exists at 370-360 and Trade above 395-400 short term upside target 495 in between resist at  436-441

BIOCON (287) - Above 284-280 up side target 313 &  328-332 minor resist at 296-299

AXISBANK (1134) - Above 1137-1147 up move continue to 1197-1227

NF (5396) - All levels are remain same : Support  5330-5300  and Resistance  5402-5432   But below the support  next level in downside  5235-5205

RELINFRA (591) - See post dated 20th Jan. "above 500 upside target 620 and 650-660" REMINDER : TILL YESTERDAY IT MADE HIGH 597

BFUTILITE (433) - See post dated 17th Jan "as posted it moved from 305 to 436-446" (yesterday made high 441 now what next ? as posted resistance 436-446  But in case trade and stays above  450  up move continue to 499-509

BANKINDIA (368) - Support 355-345 Above that upside target  434-447 In between resist at  387-397

ACC (1385) - As posted on 03rd Feb. It reached the  mentioned target of 1390-1430 (yesterday made high 1393). Expect timebeing correction from this Level  of  1390-1430 And Hereafter, in downside  Strong support exists at  1315-1290 As long as stays above that now the positional upside target  2265

NF (5358) - All levels are remain same : As posted yesterday it seems timebeing topped out. for this top out if today follow up comes, then expect decent corrrection. Support  5330-5300  and Resistance  5402-5432   But below the support  next level in downside  5235-5205

RELCAPITAL (375) -  See post dated 01st feb. as posted first upside target reached and all levels are intact. now If not move beyond 380-385 then expect correction 349-344 & 329-326

SRTRANSFIN (587) - If not move beyond 596-601, then expect correction up to 550-545 & 530-525

TTKHEALTH (457) - Last hurdle 475-490 But trade and stays above that upside target 585-600

NF (5361) -  Once again repeat yesterday post. (Either today(monday) or tomorrow (tuesday) timebeing top out going to happen between 5400-5450 if not happen then this become support and may expect another 400 to 500 points rise even from here . ) Now let see the levels : Support  5330-5300  and Resistance  5402-5432 But below the support  next level in downside  5235-5205

JSWSTEEL (745) -   See post dated  02nd Feb. As said,  now if stays above 746-724   short term upside target 1010-1030 in between resist at 853-883

JINDALSWHL (732) -  Above 700-675 short term upside target 995-1020

EDUCOMP (242) -  Posted on 11th Jan. all levels remain same and intact.

CANBK (511) -  Above 500-495  last hurdle 530-540 But above that upside target 653-668

BHUSANSTL (369) - Support 365-360 Above that upside target 426-439 in between resist at 395-400

BGRENERGY (246) - Trade and stays above 250-255 upside target 275-280

BEML (573) - Support 555-545 above that upside target 661-676 in between resist at 620-630

BATAINDIA (692) - See reminder post dated 30th Jan. as posted exactly it attacked the mentioned upside target 713 for the last two trading session and  unable to move beyond that. so now this become resistance. now what next ? Resistance 703-713 and trade below 690,  correction target  650-640

AMBUJACEM (181) -  Support 165-160   and above 182-184 upside target 201-204 But above that short term positional target 278-280

NF (5338) -  so last Friday mentioned upside target of 5339-5359 also attacked (last Friday made high 5357.50). now what next ? (Either today or tomorrow timebeing top out going to happen between 5400-5450 if not happen then this become support and may expect another 400 to 500 points rise even from here . ) Now let see the levels : Support  5305-5285 and  trade above 5359  next upside level 5402-5422 But below the support  next level in downside  5235-5205

CENTURYTEX (294) - As posted on 20th Jan . it moved from 248 to 286 and even closed above that also . now what next ? above 286-279 upmove continue and this round ultimate target 330-340 in between minor resist at 312-316

ORCHINDCHEM (192) -   Resist 192-196 But above that upside target 208-212

MARUTI (1241) - Now support 1225-1185 Above that upside target 1335-1355

M&M (711) - As posted on 18th Jan "above 715 upside target 795" still intact. after the above post, it  never break 715 so now if it break and trade above then the upside target of 795 going to attack in between minor resist at 753-763

JETAIRWAYS (280) - Posted here on 17th Jan "above 224-226 upside target  275 & 300-305" as posted till last firday it made high 285 so the mentioned upside target of 300-305 intact. Timebeing top out between 300-310 Trade and stays above that only next upmove otherwise expect correction.

INFY (2783) -   Posted here on 12th Jan "below 2810 ulitmate down target 2560-2540" as posted exactly it came down to the mentioned down target (made low 2552 on 13th Jan) and from there it is moving up and last friday made high 2792. what next ? now Already mentioned Resistance of 2810 remain same   but above that upmove continue to 2900-2920

ICICIBANK (916) - Already posted here on 24th Jan itself "Above 852-866 upside target 943"  as posted it took support at 853 and last friday made high 918 so the mentioned target intact. and now trade and stays above 943-953 upmove continue to 999-1014

BAJAJHLDNG (685) - Support 675-665 Above that upside target 720-740 and above that 800-810

NF (5273) -  All levels are remain same :   Support 5200-5170  But below that down side 5135-5115 & 5024-5004   Resistant 5285-5305   but above that 5339-5359    

ACC (1248) - See post dated 05th dec. It is only a  follow up post. Now above 1250-1230 next attack and resistant 1290-1315 But trade and stays above that  then  this round ultimate target in upside and Top out  1390-1430

ABAN (544) - The following was the post of 20th Jan.2012 "I f it trade and stays above 451-461 next short term up side target 578-598" As posted, It broke the 451-461 level on day before yesterday only (01 feb.) and yesterday it almost nearing the mentioned target of 578-598 (made high 551) that is with in two days it moved from 451 to 551

NF (5270) - All levels are remain same :   Support 5200-5170    Above that upside target 5285-5305 and above that 5339-5359   But below that down side 5135-5115 & 5024-5004

JSWSTEEL (712) -  Last hurdle  724-746 But above ready for another big move

LOVABLE (407) -  Break out at 400 so now above that upside target 530-532 in between resist at 425-430 &  460-465

MCLEODRUSS (195) - Posted here on 17th Nov."Last hope and support 215-205 But trade and close below that down target 167-157" as posted it broke the support of 205 on 12th dec and attacked the mentioned down target on 15th dec (made low 165.50) and from there it is consolidate between 180-200 now what next ? above 190-188 upside target 205-215 and afterwards  230-233

PFC (184) - Posted on 26th Dec. "LAST HOPE AND SUPPORT 130" as posted exactly it supported at 130 (made low 131 not one day but two days ie. 28th and 29th Dec.) and from there it is moving up and yesterday it made high 185. now what next ? Above 180-175 this round ultimate upside target 230-236 In between resist at  191-193 & 206-209

SBIN (2078) - see post dated 31st dec "as posted not breaking the support of 1960 and now once again reached the mentioned target of 2050-2080" now what next ? If take  support at 2080-2050 next ready for next big up move first target 2202 and afterwards  2300-2350 otherwise once again correction from here.