MURUGAVEL

NF (5066) - So yesterday exactly it resisted the mentioned resist level of 5185 and  exactly it came down to the mentioned support level of 5030  that is, in a single day movement of 155 points.  So once again remind "concentrate only on levels and  others nothing" now All levels are remain same : Support 5060-5030 But below that last hope and support 4970-4940 Upside resist remain at 5155-5185

RANBAXY (472) - Good support exists at 470-465 But trade and stays below that ulimate down side target 400-395 In between minor support exists at 447_440

BATAINDIA (791) - As posted on 07th June it was not moved up but whereas broken the bottom support of 799 so now ready for another fall. Now resistance 798-808 Below that down side target 755-735

NF (5142) - All levels remain same : from 06th june onwards posting the upside  target 5155-5185  (atlast Last friday it attacked the target and  made high 5155)                                                    Resistance remain same at 51 55-5185   or optimum  5212-5222 Support   5060-5030       But stays below that next in downside 4970-4940

BANKNIFTY (10064) - Today RBI   Interest Rate Decision day. Resistance 10135-10235 But trade and stays above that next attack in upside 10635-10645  and afterwards 10900-10950  Support 9820-9780   But below that 9585-9545

INFY (2522) -  Resistance 2522-2552 But trade and stays above that upside target 2682-2702

ICICIBANK (845) - Hurdle 850-860 But trade and stays above that upside target 920-940

  L eading pharma companies, including GlaxoSmithkline, Pfizer and Ranbaxy, sell commonly used drugs at a rate 10 times the cost of production, a study by the Corporate Affairs Ministry has found. A study by the Cost Audit branch of the MCA found drugs like Calpol manufactured by Glaxosmithkline, Corex Cough Syrup by Pfizer, Revital by Ranbaxy Global, Omez by Dr Reddy's Labs, Azithral by Alembic and several others were being sold at a mark up of up to 1,123 per cent over the cost of production. Worried over the findings of the study, Corporate Affairs Minister M Veerappa Moily has written to the ministers of Chemical and Fertilizers M K Alagiri and Health Ghulam Nabi Azad seeking appropriate action on curbing this practice of pharma companies. He has forwarded a copy of the study to the two ministers. Emails sent to Ranbaxy, Pfizer, Zydus Cadila and Cipla remained unanswered while Dr Reddy's Lab said it cannot comment on the findings of the MCA. ...

NF (5050) - Once again repeat the same levels : Support 5060-5030 (already tested this level yesterday itself)   But stays below that next in downside 4970-4940 Otherwise once again face Resistance 5155-5185 or optimum  5222

NF (5125) - No change in levels : The target and resistance remain same at   5155-5185 In case trade above that optimum upside  5219-5222 Down side support remain same at 5060-5030

MCDOWELL-N (678) -  See post dated 23rd may "as posted below 605-610 it came down to the mentioned down side target of 550-540 (on 31st may in a single day from the high of 605 to low of 547) and  from there, reversal started  and as mentioned in the previous post (dated 21st May) "above 605-610 upside target 675-685"  upside target also attacked yesterday (made high 687) now what next ? Trade and stays above 690 up move continue to 732-742

LT (1350) - Posted on 06th June "Above 1240 upside target 1370" as posted, on 06th june itself,  it broken 1240 and yesterday it attacked the mentioned upside target of 1370 (made high 1371.60) now what next ? As posted  1360-1370  is the target and resistance or optimum possible  1397-1407 otherwise expect correction upto 1280-1270  & 1240-1220

NF (5119) -  As posted yesterday it took support at 5030 (made low 5025) and from there it moved up and yesterday made high 5138. So now the target and resistance remain same at   5155-5185 In case trade above that optimum upside  5219-5222 Down side support remain same at 5060-5030

NF (5037) -  All levels are remain same : Support 5060-5030 above that upside target 5155-5185 Below the support next level in down side  4970-4940

MARUTI (1110) - See post dated 06th June  " support 1060-1040 and expect pull back 1150-1170" as posted it attacked 1146 and now once again support exists at 1060-1040

NF (5077) - No change in levels. All are remain same : Already traded and closed above 5060 So now support 5060-5030 Above that already mentioned upside target of 5155-5185 remain same. But below 5060-5030 next level in down side 4970-4940

BHEL (221) - As posted on 02nd may "below 220 it came down to the mentioned down side target of 198-194 (made low 197 on 18th may) and from there already moved up 222. now what next ? Above 221 up move continue to 239-243 in between resist at 228-230

BEML (384) - Hereafter Hurdle 410_450 If not move beyond,  then short term ultimate down side target 120 in between support exists at 280-260

BFUTILITIE (401)  -  This was the post of  04th June. "LAST HOPE AND SUPPORT 360-350" as posted exactly on the same day itself, it took support at 354 and already from there it moved up and last friday made high 404" Now what next ? upside target and  hurdle  455-465

ALBK (139) - See 26th April post. as posted  "below 168 it attacked the mentioned down target of 138 and even went down to 124 and from there now it is bounce backing.. now what next ? Resistance 142-144 but above that can move up to 156-158

ABB (759) -  Last hurdle 765-770 But stays above that upside target 820-830 in between resist at  795-800

NF (5033) - All levels are remain same : Resistance 5030-5060 but above that upside target 5155-5185 Support 4970-4940 but below that 4880-4850

AXISBANK (1057) - Now support 1035 and in upside face resistance at 1075-1085 but trade and stays above upside target 1125-1135

ABAN (341) - Posted on 04th June "below 345 down side taget 325-320" as posted on  04th june itself it attacked the mentioned down target (made low 320) and from there now bounce backed to 344 . Now what next ? Once again resistance is same at 345-350 suppose trade above that upmove target 370-375 otherewise once again 325-320

NF (4975) - Now support 4970-4940 Above that upside target 5030-5060  & 5155-5185 In case trade below the support (4970-4940),  then next support exists at 4880-4850

BATAINDIA (822) - In the last 7 days,  It corrected from 922 to 799 and it seems correction over and bottomed out yesterday at 799 so here after close below that only next fall .. Now trade above 830-840 upmove target 875-885 and  920-930  and afterwards already mentioned upside  target 970-990

BAJAJ-AUTO (1541) -  See post dated 24th May "as posted it exactly took support at the mentioned support level of 1475-1450 (made low 1455 on 24th may itself and once again 1453 on 04th June, so not one time but it took support twice) now what next ? upside target 1603-1623

TATASTEEL (410) - Posted here on 09th may "below 415-425 down side target 350-340" whereas it repeatedly took support at 390 and unable the move below that . now what next ? Resistnace remain same 415-425 But trade above that then upside target 444-449

SBIN (2158) - Now support 2150-2100 above that upside target  2325-2375

RELINFA (471) - Already posted on 29th May Mentioned upside target intact.

RAYMOND (368) -  Resistance 373-377 But trade and stays above that up move target 396---406

PNB (768) - Now support 750 and trade above 775 may go up to 814-824

JINDALSTEL (432) -  01st june post still intact but now timebeing it is ready for pull back so now  resistance 430-440  but trade above that , then can move up to 458-462 & 476-481

NF (4844) - All levels remain same : Resistance   4850-4870   and/but  above that   4940-4970   Support also remain same   4775-4745 But trade and stays below that, then next down side target 4615-4585

SUNTV (227) - Last hope and support 214-204 But trade and stays below that ultimate short term down target 84 in between support exists at 186-182  &  125-118

MARUTI (1079) - Posted on 07th may and reminded on 29th may "below 1255-1235 downside target 1060-1050" as posted it broken 1235 on 15th may and day before yesterday (04th June) it attacked the mentioned down target of 1060-1040 (made low 1051). now what next ? support remain same that is 1060-1040 If not break this support then expect pull back up to 1150-1170

LT (1211) -  once again face   Resistance at 1220-1240 But trade and stays above can move up to 1360-1370 in between resist at 1300-1310

NF (4850) - So as posted yesterday it supported the mentioned level of 4775-4745 (made low 4760) and moved up to the mentioned resistance  of 4850-4870 (made high 4852). Now all levels are remain same : Resistance 4850-4870 and above that 4940-4970 Support also remain same 4775-4745 But trade and stays below that, then next down side target 4615-4585  

NF (4818) - All levels remain same : . Now resistance  4850-4870 & 4940-4970 Below that down side target & support   4775-4745 But trade and stays below that, then next down side target 4615-4585

BGRENERGY (276) -  Below 275-273  down side target  256-254 & 242

BFUTILITIE (366) - Last hope and support 360-350 But trade and stays below that ultimate down side target 255-245 in between minor support 314-309

ACC (1127) -  See post dated 04th May "as posted already attacked the mentioned down side target" now Close Below 1115  down move continue to 1074-1054

ABAN (352) -   Trade below 345 down side target 325-320 and afterwards  303-295

NF (4930) - All levels remain same No change at all. Resistance 4940-4970  But above that 5030-5050 Support 4870-4850 but below that 4785-4755

JSWSTEEL (628) -  short term trend reversal already happened so now Support 625-615 and once clear the resist 640-650 then  up move target 705-715

JINDALSTEL (440) - Now it is in the stage of Make or Break Last hope and support 440-430 Trade and stays below that then Ultimate down target  213-208

FINANTECH (590) - Last four weeks it consolidated between 555-605 so now face  Resistance 608-618 Once it clear this resist then can up move up to 670-680

NF (4930) - Yesterday after broke the mentioned support of 4970-4940 it pull backed upto 4964 only and closed below the support level also. so now the mentioned downside target of 4870-4850 intact. and below that next attack in downside 4785-4755 In case trade and stays above 4940-4970, then only up move possible  for that upside target 5030-5050 & 5090-5110

NF (4984) -  Now support 4970-4940 Above this upside target 5090-5110 intraday in between resist at 5030-5050 Below the support next level in downside 4870-4850

MARUTI (1103) -  Posted on 07th May "Below 1255-1235 down side target 1060-1040" as posted it closed below 1235 on 15th may and till yesterday it made low 1098 it is only a reminder, mentioned  target is nearing