QUESTIONS ???????.........

The unanswered questions are opening in Satyam saga as flood water falls from the dam once the gates are opened for free flow.
The markets were stunned by the financial scandal at Satyam and were surprised to accept the truth of “ALL LIES” by Raju.
The market fell heavily as the built up open position was huge that to in the absence of FII holiday it was built to hand over at higher prices was belied due to the un-expected fiasco at Satyam. The important FII investors resorted for selling at the day’s low price fore tells that they are serious to sell INDIA. The experts are revealing that there are more companies to be micro-scoped for facts rather than accepting.
In case Nifty fails to cross 2957-60 and the low breaches 2812-16 level, then the serious consequences are built in the system. The big names of Indian industry will be doubted for sure and their current valuations will be corrected accordingly.

….The markets are enjoying the short covering support above 3080 level. The
earlier suggested levels for ICICI Bank and Relcap were archived but the up move
could be a result of short covering. Now the markets are in bull grip as the
momentum was not dried to fall. The Nifty is good above 3100 level and RIL god
above 1329-31 level. The SBI is good above 1350 and weak below 1330-26 level.
The sudden change in the direction of Bharti to 650 level from its 720 level
despite the 24.41 lakh shares acquiring by Indian Continent Investment Ltd in an
off market deal. In case Bharti falls below 610 then a serious correction of
20-25% on the cards. The NTPC, ONGC, ITC, Bharti, and Cipla are likely to lead
the fall incase Nifty closes below 3030 level.
…..The SBI, ONGC, Bharti and Reliance are becoming weak but just moving up with unease. The Infosys results and the fiasco of Satyam can impact the sentiment. The Reliance is good above and can touch 1330-1350 range but the resistance at 1372 is crucial.

The ONGC is one of the weakest face resistances at 693-97 level and at 717-20 level.The SBI is the best chart to observe has resistance at 1380-83 level but has good support at 1218-22 level. The Bharti is being in the accumulation phase. The
well drawn boundaries for it are 749 at the higher side and the 650-60 level is
at the lower-side. The DLF made a second trial to stay above 305 but the real
test it faces at 326-30 level but a clear bottom building is happening at 220-16
level. The immediate support level existed at 260-66 level. In view of the RCOM
plans and the future 3G auction it built a bottom at 187-93 level and the second
level in the process at 221-226.