NIFTY TECHNICALS ( SPOT )

Point to Watch : 4944
Crossed 4944 but could not sustain – High of 4957.4. Took Support again @ mentioned Support 4 – Closes just below 4836.
Nifty down below Support range 4920 – 4970(80).
Point to Watch : 4944
Support : 4798, 4786, 4720(40),.. 4640(50).
Resistance : 4836(46), 4900,4920, 4950, 4970(80), 5000, 5050(60), 5100, 5115, 5150, 5163, 5168.
High light removed yesterday - support breached - but taken support @ next level Nifty takes Support on mentioned supports!
Happy Trading!!

STOCK TECHNICALS ( SPOT )

AIR DECCAN : Up only above 126. - High 124.5 – down.
HINDCONS : Up only above 121. – High 116.7 – then down.
ITC : Up only above 212. (228, 223 becomes Resistance). – High 223.95 – Close 215.95
IDFC : Up only above 154 – (171 is Resistance) . - High 153.4 –closes 147.4
IRB : Up only above 196 ( 212, 217-219 becomes Resistance). – High 186.4 – closes @ 181.8
POWERGRID : Up only above 100 ( 103.2, 108 becomes Resistance). – High 103 – closes above 100.
RPL : Up only above 183 ( 188.5, 204-205 becomes Resistance). – High 184.4 – closes @ 176.
SAIL : Up only above 172. (188 becomes Resistance). – High 168.5 – closes @ 160.95.
TATA STEEL : Up only above 851 ( 812 ,851 & 881 are Supports). – Does not break 851 - High 922.8 – Closes above 881 .
Readers who would have followed the points would have gained.

TIME BASED TECHNICALS

From Low of 4448.5 of 22nd Jan, 08 to
Top of 5506.6 of 5th Feb, 08 – 10 days (21 days Top to Top)
From Top of 5506.6 of 5th Feb, 08 to
Low of 4468.55 of 18th Mar, 08 - 29 days (40 days Low to Low)
From Low of 4468.55 of 18th Mar, 08 to
Top of 4970.8 of 28th Mar, 08 – 6 days (36 days Top to Top)
From Top of 4970.8 of 28th Mar, 08 to
Low of 4628.8 of 7th Apr, 08 – 7 days (13 days Low to Low)
From Low of 4628.8 of 7th April,08
toTop of 5083.5 of 23rd Apr, 08 - 11 days (17 days Top to Top)
From Top of 5083.5 of 23rd Apr,08 to
Low of 4991.35 of 24th Apr,08 - 1 day (12 days Low to Low)
From Low of 4991.35 of 24th Apr,08 to
Top of 5298.85 of 02nd May,08 - 6 days (7 days Top to Top)
From Top of 5298.85 of 02nd May,08 to
Low of 4913.8 of 12th May,08 - 6 days (12 days Low to Low)
From Low of 4913.8 of 12th May,08 to
Top of 5167.40 of 16th May,08 - 4 days (11 days Top to Top)
From Top of 5167.4 of 16th May,08 to
Low of 4801.9 of 29th May,08 - 8 days (13 days Low to Low) ongoing..
Next Time Frame to watch 4th & 5th June08!

NIFTY TECHNICALS ( SPOT )

Point to Watch : 4944
Could not reach 4944 – High of 4926.9. Took Support again @ mentioned Support 1 – Closes above 4900 close to 4920.
Nifty down below Support range 4920 – 4970(80).
Point to Watch : 4944
Support : 4900, 4880(86), 4836(46), 4798, 4720(40),.. 4640(50).
Resistance : 4920, 4950, 4970(80), 5000, 5050(60), 5100, 5115, 5150, 5163, 5168.
As high lighted last two days – Nifty takes Support exactly at those levels!
Happy Trading!!

STOCK TECHNICALS ( SPOT )

AIR DECCAN : Up only above 126. - High 124 – closes @ 123.
HINDCONS : Up only above 121. – High 117 – then down ( Support 111).
ITC : Up only above 212. (228, 223 becomes Resistance). – high 223.25 – a crossover & close above 123 should make the up move more fierce.
IDFC : Up only above 154 – (171 is Resistance) . - High 150 –closes 148.
IRB : Up only above 196 ( 212, 217-219 becomes Resistance). – High 185 – closes @ 183.2.
POWERGRID : Up only above 100 ( 103.2, 108 becomes Resistance). – High 100.8 – closes above 100.
RPL : Up only above 183 ( 188.5, 204-205 becomes Resistance). – High 182 – closes @ 180.75.
SAIL : Up only above 172. (188 becomes Resistance). – High 167.65 – closes @ 165.6.
TATA STEEL : Up only above 851 ( 812 ,851 & 881 are Supports). – Does not break 851 - High 909.4.
Readers who would have followed the points would have gained.

TIME BASED TECHNICALS

From Low of 4448.5 of 22nd Jan, 08 to
Top of 5506.6 of 5th Feb, 08 – 10 days (21 days Top to Top)
From Top of 5506.6 of 5th Feb, 08 to
Low of 4468.55 of 18th Mar, 08 - 29 days (40 days Low to Low)
From Low of 4468.55 of 18th Mar, 08 to
Top of 4970.8 of 28th Mar, 08 – 6 days (36 days Top to Top)
From Top of 4970.8 of 28th Mar, 08 to
Low of 4628.8 of 7th Apr, 08 – 7 days (13 days Low to Low)
From Low of 4628.8 of 7th April,08 to
Top of 5083.5 of 23rd Apr, 08 - 11 days (17 days Top to Top)
From Top of 5083.5 of 23rd Apr,08 to
Low of 4991.35 of 24th Apr,08 - 1 day (12 days Low to Low)
From Low of 4991.35 of 24th Apr,08 to
Top of 5298.85 of 02nd May,08 - 6 days (7 days Top to Top)
From Top of 5298.85 of 02nd May,08 to
Low of 4913.8 of 12th May,08 - 6 days (12 days Low to Low)
From Low of 4913.8 of 12th May,08 to
Top of 5167.40 of 16th May,08 - 4 days (11 days Top to Top)
From Top of 5167.4 of 16th May,08 to
Low of 4835.65 of 28th May,08 - 7 days (12 days Low to Low) ongoing?
Next Time Frame to watch 4th & 5th June08!

NIFTY TECHNICALS ( SPOT )

Point to Watch : 4944
Could not reach 4944 – High of 4932 so down to mentioned Support 1 – Closes below 4880(86).
Nifty down below Support range 4920 – 4970(80).
Point to Watch : 4944
Support : 4836(46), 4798, 4720(40),.. 4640(50).
Resistance : 4880 (86), 4920, 4950, 4970(80), 5000, 5050(60), 5100, 5115, 5150, 5163, 5168.
Trend Change volatility?
Happy Trading!

STOCK TECHNICALS ( SPOT )

AIR DECCAN : Up only above 126. - High 123 – then down.
HINDCONS : Up only above 121. – High 121.25 – then down.
ITC : Up only above 212. (228, 223 becomes Resistance). – high 215.5 – could not sustain above 212 - then down.
IDFC : Up only above 154 – (171 is Resistance) . - High 152.9 – then down.
IRB : Up only above 196 ( 212, 217-219 becomes Resistance). – High 190.9 – then down.
POWERGRID : Up only above 100 ( 103.2, 108 becomes Resistance). – High 100.9 – then down.
RPL : Up only above 183 ( 188.5, 204-205 becomes Resistance). – High 183.9 – then down.
SAIL : Up only above 172. (188 becomes Resistance). – High 169.8 – then down.
TATA STEEL : Up only above 851 ( 812 ,851 & 881 are Supports). – High 889 – 881 now Resistance.
Readers who would have followed the points would have gained.

TIME BASED TECHNICALS

From Low of 4448.5 of 22nd Jan, 08 to
Top of 5506.6 of 5th Feb, 08 – 10 days (21 days Top to Top)
From Top of 5506.6 of 5th Feb, 08 to
Low of 4468.55 of 18th Mar, 08 - 29 days (40 days Low to Low)
From Low of 4468.55 of 18th Mar, 08 to
Top of 4970.8 of 28th Mar, 08 – 6 days (36 days Top to Top)
From Top of 4970.8 of 28th Mar, 08 to
Low of 4628.8 of 7th Apr, 08 – 7 days (13 days Low to Low)
From Low of 4628.8 of 7th April,08 to
Top of 5083.5 of 23rd Apr, 08 - 11 days (17 days Top to Top)
From Top of 5083.5 of 23rd Apr,08 to
Low of 4991.35 of 24th Apr,08 - 1 day (12 days Low to Low)
From Low of 4991.35 of 24th Apr,08 to
Top of 5298.85 of 02nd May,08 - 6 days (7 days Top to Top)
From Top of 5298.85 of 02nd May,08 to
Low of 4913.8 of 12th May,08 - 6 days (12 days Low to Low)
From Low of 4913.8 of 12th May,08 to
Top of 5167.40 of 16th May,08 - 4 days (11 days Top to Top)
From Top of 5167.4 of 16th May,08 to
ongoing Low of 4846.2 of 27th May,08 - 6 days (on going)
Market did react to the time frame of 27th May but could not hold on to its gains!

NIFTY TECHNICALS ( SPOT )

Mentioned yesterday - "Point to Watch : 4944"
Could not sustain above 4944 – so down to mentioned Support 3 – Closes below 4880(86).
Nifty down below Support range 4920 – 4970(80).
Point to Watch : 4944
Support : 4836(46) , 4798, 4720(40),.. 4640(50).
Resistance : 4880 (86), 4920, 4950, 4970(80), 5000, 5050(60), 5100, 5115, 5150, 5163, 5168.
Happy Trading!

STOCK TECHNICALS ( SPOT )

AIR DECCAN : Up only above 126. - High 126.9 – then down.
HINDCONS : Up only above 121. – High 120.65 – then down.
ITC : Up only above 212. (228, 223 becomes Resistance). – high 211.85 – then down.
IDFC : Up only above 154 – (171 is Resistance) . - High 154 – then down.
IRB : Up only above 196 ( 212, 217-219 becomes Resistance). – High 196.45 – then down.
POWERGRID : Up only above 100 ( 103.2, 108 becomes Resistance). – High 100.25 – then down.
RPL : Up only above 183 ( 188.5, 204-205 becomes Resistance). – High 183 – then down.
SAIL : Up only above 172. (188 becomes Resistance). – High 171 – then down.
TATA STEEL : Up only above 851 ( 812 ,851 & 881 are Supports). – High 895 – 881 now Resistance.
Readers who would have followed the points would have gained immensely.

TIME BASED TECHNICALS

From Low of 4448.5 of 22nd Jan, 08 to
Top of 5506.6 of 5th Feb, 08 – 10 days (21 days Top to Top)
From Top of 5506.6 of 5th Feb, 08 to
Low of 4468.55 of 18th Mar, 08 - 29 days (40 days Low to Low)
From Low of 4468.55 of 18th Mar, 08 to
Top of 4970.8 of 28th Mar, 08 – 6 days (36 days Top to Top)
From Top of 4970.8 of 28th Mar, 08 to
Low of 4628.8 of 7th Apr, 08 – 7 days (13 days Low to Low)
From Low of 4628.8 of 7th April,08 to
Top of 5083.5 of 23rd Apr, 08 - 11 days (17 days Top to Top)
From Top of 5083.5 of 23rd Apr,08 to
Low of 4991.35 of 24th Apr,08 - 1 day (12 days Low to Low)
From Low of 4991.35 of 24th Apr,08 to
Top of 5298.85 of 02nd May,08 - 6 days (7 days Top to Top)
From Top of 5298.85 of 02nd May,08 to
Low of 4913.8 of 12th May,08 - 6 days (12 days Low to Low)
From Low of 4913.8 of 12th May,08 to
Top of 5167.40 of 16th May,08 - 4 days (11 days Top to Top)
From Top of 5167.4 of 16th May,08 to
ongoing Low of 4858 of 26th May,08 - 5 days (on going)
Time frame to watch 27 May!

NIFTY TECHNICALS ( SPOT )

Point to Watch : 4944
Support : 4920, 4880 (86), 4836(46), 4798, 4720(40),.. 4640(50).
Resistance : 4950, 4970(80), 5000, 5050(60), 5100, 5115, 5150, 5163, 5168, 5180, 5200, 5245(50).
Happy Trading!

STOCK TECHNICALS ( SPOT )

AIR DECCAN : Up only above 126.
HINDCONS : Up only above 121.
ITC : Up only above 212. (228, 223 becomes Resistance).
IDFC : Up only above 154 – (171 is Resistance) .
IRB : Up only above 196 ( 212, 217-219 becomes Resistance).
POWERGRID : Up only above 100 ( 103.2, 108 becomes Resistance).
RPL : Up only above 183 ( 188.5, 204-205 becomes Resistance).
SAIL : Up only above 172. (188 becomes Resistance).
TATA STEEL : Up only above 851 ( 812 ,851 & 881 are Supports).

TIME BASED TECHNICALS

From Low of 4448.5 of 22nd Jan, 08 to
Top of 5506.6 of 5th Feb, 08 – 10 days (21 days Top to Top)
From Top of 5506.6 of 5th Feb, 08 to
Low of 4468.55 of 18th Mar, 08 - 29 days (40 days Low to Low)
From Low of 4468.55 of 18th Mar, 08 to
Top of 4970.8 of 28th Mar, 08 – 6 days (36 days Top to Top)
From Top of 4970.8 of 28th Mar, 08 to
Low of 4628.8 of 7th Apr, 08 – 7 days (13 days Low to Low)
From Low of 4628.8 of 7th April,08 to
Top of 5083.5 of 23rd Apr, 08 - 11 days (17 days Top to Top)
From Top of 5083.5 of 23rd Apr,08 to
Low of 4991.35 of 24th Apr,08 - 1 day (12 days Low to Low)
From Low of 4991.35 of 24th Apr,08 to
Top of 5298.85 of 02nd May,08 - 6 days (7 days Top to Top)
From Top of 5298.85 of 02nd May,08 to
Low of 4913.8 of 12th May,08 - 6 days (12 days Low to Low)
From Low of 4913.8 of 12th May,08 to
Top of 5167.40 of 16th May,08 - 4 days (11 days Top to Top)
From Top of 5167.4 of 16th May,08 to
ongoing Low of 4940.7 of 23nd May,08 - 4 days (on going)
Time frame to watch 27 May!

NIFTY TECHNICALS ( SPOT ) -Weekly Review

Mentioned - "Markets up till 4920 & 4970(80) not breached ! But needs to close above 5163.
Support 5150, 5115, 5100, 5050(60), 5000, 4970(80), 4950, 4920, 4880 (86), 4836(46), 4798, 4720(40),.. 4640(50).
Resistance 5168, 5180, 5200, 5245(50)."
Conclusion : Markets could not cross 5163 - made a high of 5160 & lost upside momentum & tests the important Support of 4920-4980 ( as indicated " Nearing Strong Support Zone of 4920 – 4980") to close @ 4946.55. The importance of indicated point 5163 amply proven.

STOCK TECHNICALS ( SPOT ) - Weekly Review

AIR DECCAN : Up only above 136. – High 142, Low of 125.1 Close below 136 @ 127.55
HINDCONS : Up only above 138. – Could not go above 138 - High of 137.85 goes down to 120.6 Close @ 121.35
ITC : Up only above 228. 223 becomes Support. – High 232.4 but breaks 223 & makes Low of 211.15 to close @ 213.6
IDFC : Up only above 171. – Stays below 171 – Makes High of 169 – Low of 153.8 – Closes @ 156.05.
IRB : Up only above 212 ( 217-219 becomes Resistance). Could not stay above 212 - Makes High of 213.1 – Low of 196 & Closes @ 196.85.
POWERGRID : Up only above 103.2 ( 108 becomes Resistance). – High 105 – Low 100 – Closes @ 100.4.
RPL : Up only above 188.5 ( 204-205 becomes Resistance) – High 193.5 – Low of 182.5 – Closes @ 184.05..SAIL: Up only above 188.
TATA STEEL : Up only above 851 ( 812 becomes Support). Stays above 851 – High of 925.5 – Low of 884 – Closes @ 897.1. (above 881 & 851)
Conclusion: Except Tata Steel no other scrip could sustain above the indicated points so slide – again indicating its importance as suggested!!

TIME BASED TECHNICALS - WEEKLY REVIEW

As suggested "Time frame to watch 21 to 23 May & 27 May!"
Conclusion : Importance of Time Frame amply proved.

NIFTY TECHNICALS ( SPOT )

Makes Low of 5010.7 – could not sustain above 5115. closes above Support 4.
Now,
Support : 5000, 4970(80), 4950, 4920, 4880 (86), 4836(46), 4798, 4720(40),.. 4640(50).
Resistance : 5050(60), 5100, 5115, 5150, 5163, 5168, 5180, 5200, 5245(50).
Nearing Strong Support Zone of 4920 – 4980. 5163 remains point to watch!
Happy Trading!

STOCK TECHNICALS ( SPOT )

AIR DECCAN : Up only above 136 – Low of 134 & High of 138, closes below 136 @ 135.25
HINDCONS : Up only above 138 – High of 131 & then down.
ITC : Up only above 228. 223 becomes Support. High of 231 & closes above support 223.
IDFC : Up only above 171 – Nowhere near 171 goes down.
IRB : Up only above 212 ( 217-219 becomes Resistance) – High 211.5 & then down.
POWERGRID : Up only above 103.2 ( 108 becomes Resistance) – High 102 & then down.
RPL : Up only above 188.5 ( 204-205 becomes Resistance) – High 192 & closes just below 188 @ 187.1.SAIL : Up only above 188 – High 180.9 then down.
TATA STEEL : Up only above 851 ( 812 ,851 & 881 are Supports) – High 919.7 closes above 851 & 881 @ 909.15.
Readers who have followed these levels may have gained!!

TIME BASED TECHNICALS

From Low of 4448.5 of 22nd Jan, 08 to
Top of 5506.6 of 5th Feb, 08 – 10 days (21 days Top to Top)
From Top of 5506.6 of 5th Feb, 08 to
Low of 4468.55 of 18th Mar, 08 - 29 days (40 days Low to Low)
From Low of 4468.55 of 18th Mar, 08 to
Top of 4970.8 of 28th Mar, 08 – 6 days (36 days Top to Top)
From Top of 4970.8 of 28th Mar, 08 to
Low of 4628.8 of 7th Apr, 08 – 7 days (13 days Low to Low)
From Low of 4628.8 of 7th April,08 to
Top of 5083.5 of 23rd Apr, 08 - 11 days (17 days Top to Top)
From Top of 5083.5 of 23rd Apr,08 to
Low of 4991.35 of 24th Apr,08 - 1 day (12 days Low to Low)
From Low of 4991.35 of 24th Apr,08 to
Top of 5298.85 of 02nd May,08 - 6 days (7 days Top to Top)
From Top of 5298.85 of 02nd May,08 to
Low of 4913.8 of 12th May,08 - 6 days (12 days Low to Low)
From Low of 4913.8 of 12th May,08 to
Top of 5167.40 of 16th May,08 - 4 days (11 days Top to Top)
From Top of 5167.4 of 16th May,08 to
ongoing Low of 5010.7 of 22nd May,08 - 3 days (on going)
Time frame to watch 21 to 23 May & 27 May!
( Note how the time frame has behaved upto now)

NIFTY TECHNICALS ( SPOT )

Makes Low of 5048.7 & goes up to 5135.55 tests 2nd Support & closes above Resistance 1.
Now,
Support : 5115, 5100, 5050(60), 5000, 4970(80), 4950, 4920, 4880 (86), 4836(46), 4798, 4720(40),.. 4640(50).
Resistance : 5150, 5163, 5168, 5180, 5200, 5245(50).
5163 remains point to watch!
Happy Trading!

STOCK TECHNICALS ( SPOT )

AIR DECCAN : Up only above 136 – Low of 135.05 & High of 139, closes above 136 @ 138.3
HINDCONS : Up only above 138 – High of 132.9 & then down.
ITC : Up only above 228. 223 becomes Support. High of 232.4 & closes above 228.
IDFC : Up only above 171 – Nowhere near 171 goes down.
IRB : Up only above 212 ( 217-219 becomes Resistance) – High 213.1.
POWERGRID : Up only above 103.2 ( 108 becomes Resistance) – High 105 & closes above 103.2 @ 103.5.
RPL : Up only above 188.5 ( 204-205 becomes Resistance) – High 193.5 & closes above 188 @ 192.85.
SAIL : Up only above 188 – High 184 then down.
TATA STEEL : Up only above 851 ( 812 ,851 & 881 are Supports) – High 925.5 closes above 851 & 881 @ 922 .
Readers who have followed these levels may have gained!!

TIME BASED TECHNICALS

From Low of 4448.5 of 22nd Jan, 08 to
Top of 5506.6 of 5th Feb, 08 – 10 days (21 days Top to Top)
From Top of 5506.6 of 5th Feb, 08 to
Low of 4468.55 of 18th Mar, 08 - 29 days (40 days Low to Low)
From Low of 4468.55 of 18th Mar, 08 to
Top of 4970.8 of 28th Mar, 08 – 6 days (36 days Top to Top)
From Top of 4970.8 of 28th Mar, 08 to
Low of 4628.8 of 7th Apr, 08 – 7 days (13 days Low to Low)
From Low of 4628.8 of 7th April,08 to
Top of 5083.5 of 23rd Apr, 08 - 11 days (17 days Top to Top)
From Top of 5083.5 of 23rd Apr,08 to
Low of 4991.35 of 24th Apr,08 - 1 day (12 days Low to Low)
From Low of 4991.35 of 24th Apr,08 to
Top of 5298.85 of 02nd May,08 - 6 days (7 days Top to Top)
From Top of 5298.85 of 02nd May,08 to
Low of 4913.8 of 12th May,08 - 6 days (12 days Low to Low)
From Low of 4913.8 of 12th May,08 to
Top of 5167.40 of 16th May,08 - 4 days (11 days Top to Top)
From Top of 5167.4 of 16th May,08 to
ongoing Low of 5048.7 of 21st May,08 - 2 days (on going)
Time frame to watch 21 to 23 May & 27 May!

NIFTY TECHNICALS ( SPOT )

Mentioned yesterday – “ Markets up till 4920 & 4970(80) not breached ! But needs to close above 5163” – Makes High of 5160 & tumbles to 5072 near 4th Support & closes above 3rd Support.
Now,
Support 5100, 5050(60), 5000, 4970(80), 4950, 4920, 4880 (86), 4836(46), 4798, 4720(40),.. 4640(50).
Resistance 5115, 5150, 5163, 5168, 5180, 5200, 5245(50).
5163 remains point to watch!
Happy Trading!

STOCK TECHNICALS ( SPOT )

AIR DECCAN : Up only above 136 – Low of 137 & High of 141, closes above 136 @ 138
HINDCONS : Up only above 138 – High of 137.5 & then down.
ITC : Up only above 228. 223 becomes Support.
IDFC : Up only above 171 – Nowhere near 171 goes down.
IRB : Up only above 212 ( 217-219 becomes Resistance) – High 210.85 & then down.
POWERGRID : Up only above 103.2 ( 108 becomes Resistance) – High 103.25 & then down.
RPL : Up only above 188.5 ( 204-205 becomes Resistance) – High 188 then down.
SAIL : Up only above 188 – High 190.95 then down.
TATA STEEL : Up only above 851 ( 812 becomes Support) – High 909.75 closes above 851 @ 894.85 .
Readers who have followed these levels may have gained!!

TIME BASED TECHNICALS

From Low of 4448.5 of 22nd Jan, 08 to
Top of 5506.6 of 5th Feb, 08 – 10 days (21 days Top to Top)
From Top of 5506.6 of 5th Feb, 08 to
Low of 4468.55 of 18th Mar, 08 - 29 days (40 days Low to Low)
From Low of 4468.55 of 18th Mar, 08 to
Top of 4970.8 of 28th Mar, 08 – 6 days (36 days Top to Top)
From Top of 4970.8 of 28th Mar, 08 to
Low of 4628.8 of 7th Apr, 08 – 7 days (13 days Low to Low)
From Low of 4628.8 of 7th April,08 to
Top of 5083.5 of 23rd Apr, 08 - 11 days (17 days Top to Top)
From Top of 5083.5 of 23rd Apr,08 to
Low of 4991.35 of 24th Apr,08 - 1 day (12 days Low to Low)
From Low of 4991.35 of 24th Apr,08 to
Top of 5298.85 of 02nd May,08 - 6 days (7 days Top to Top)
From Top of 5298.85 of 02nd May,08 to
Low of 4913.8 of 12th May,08 - 6 days (12 days Low to Low)
From Low of 4913.8 of 12th May,08 to
Top of 5167.40 of 16th May,08 - 4 days (11 days Top to Top)
From Top of 5167.4 of 16th May,08 to
ongoing Low of 5072.4 of 20th May,08 - 1 day (on going)

Time frame to watch 21 to 23 May & 27 May!

NIFTY TECHNICALS ( SPOT )

Markets up till 4920 & 4970(80) not breached ! But needs to close above 5163.
Support 5150, 5115, 5100, 5050(60), 5000, 4970(80), 4950, 4920, 4880 (86), 4836(46), 4798, 4720(40),.. 4640(50).
Resistance 5168, 5180, 5200, 5245(50).
Happy Trading!

STOCK TECHNICALS ( SPOT )

AIR DECCAN : Up only above 136.
HINDCONS : Up only above 138.
ITC : Up only above 228. 223 becomes Support.
IDFC : Up only above 171.
IRB : Up only above 212 ( 217-219 becomes Resistance).
POWERGRID : Up only above 103.2 ( 108 becomes Resistance).'
RPL : Up only above 188.5 ( 204-205 becomes Resistance).
SAIL: Up only above 188.
TATA STEEL : Up only above 851 ( 812 becomes Support).

Time Based Technicals

From Low of 4448.5 of 22nd Jan, 08 to
Top of 5506.6 of 5th Feb, 08 – 10 days (21 days Top to Top)
From Top of 5506.6 of 5th Feb, 08 to
Low of 4468.55 of 18th Mar, 08 - 29 days (40 days Low to Low)
From Low of 4468.55 of 18th Mar, 08 to
Top of 4970.8 of 28th Mar, 08 – 6 days (36 days Top to Top)
From Top of 4970.8 of 28th Mar, 08 to
Low of 4628.8 of 7th Apr, 08 – 7 days (13 days Low to Low)
From Low of 4628.8 of 7th April,08 to
Top of 5083.5 of 23rd Apr, 08 - 11 days (17 days Top to Top)
From Top of 5083.5 of 23rd Apr,08 to
Low of 4991.35 of 24th Apr,08 - 1 day (12 days Low to Low)
From Low of 4991.35 of 24th Apr,08 to
Top of 5298.85 of 02nd May,08 - 6 days (7 days Top to Top)
From Top of 5298.85 of 02nd May,08 to
Low of 4913.8 of 12th May,08 - 6 days (12 days Low to Low)
From Low of 4913.8 of 12th May,08 to
ongoing Top of 5167.40 of 16th May,08 - 4 days (ongoing)
Time frame to watch 21 to 23 May & 27 May!

NIFTY TECHNICALS ( SPOT ) - WEEKLY REVIEW

Said on 11 May, 2008:
"Till 4970(80) not breached markets will remain positive.If breached then 4950 & 4920 last hope for bulls.Support 4880 (86), 4836(46), 4798, 4720(40),.. 4640(50). Resistance 5000, 5050(60), 5100, 5115, 5150, 5168.Happy Trading!!"
- Markets tests all three supports & bounces to last mentioned resistance 5168 to finally close above 5150 @ 5157.7
Conclusion: All supports & resistances mentioned proved right!!

STOCK TECHNICALS ( SPOT ) - Weekly Review

Said on Sunday 11 May, 2008 :
AIRDECCAN : Up only above 134 (153 becomes Resistance) - Monday makes high of 134 & goes down to make low of 126 - rest of the week stays above 134 & makes a high of 143.9 & closes @ 138.05
HINDCONS : Up only above 128 ( 137 becomes Resistance) - Opens on Monday @ 128 but goes below it to make a low of 123.4 but closes above 128 - makes a high of 139.2 on Friday to close @ 136
ITC : Up only above 216 ( 223 becomes Resistance) - Opens @ 217 & remains above 216 throughout the week & makes a high of 229 - closes @ 227.1
IDFC : Up only above 171 (186 becomes Resistance) - Could not sustain above 171 through the week - makes a Low of 161 to close @ 168.65
IRB : Up only above 200 ( 217-219 becomes Resistance) - On Monday it went below 200 to hit a low of 192 but closes above 200 - rest of the week above 200 to make a high of 212.9 to close @ 210.15
POWERGRID : Up only above 101 ( 108 becomes Resistance) - Stays above 101 except on Monday when it hit low of 99.5 - High registered 103.35 to close @ 103.05
RPL : Up only above 180 ( 204-205 becomes Resistance) - Thrice it went below 180 in the week & hit Low of 171.15 but made higher bottom to finally make a high of 189.8 to close @ 187.2
TATA STEEL : Up only above 851 ( 812 becomes Support) - Below 851 on Monday , hits low of 811 - closes above 851 on Tuesday to make a high of 902 to close @ 891.15

Conclusion: The price action around the points amply proves its importance as suggested!!

NIFTY TECHNICALS ( SPOT )

Markets does not breach 4920 & 4970(80) - closes exactly above third Resistance (5115).
Till 4920 & 4970(80) intact we may see upmove.
Support 5115, 5100, 5050(60), 5000, 4970(80), 4950, 4920, 4880 (86), 4836(46), 4798, 4720(40),.. 4640(50).
Resistance 5150, 5168.
( We have 3 holidays coming up squaring off positions for long weekend can put some pressure – caution needed for intra-day)
Happy Trading!

STOCK TECHNICALS ( SPOT )

AIRDECCAN : Up only above 134 (153 becomes Resistance) makes High 143 & closes above 134 @ 139.
HINDCONS : Up only above 128 ( 137 becomes Resistance) – Flat but above 128.
ITC : Up only above 216 ( 223 becomes Support) High 228 Close 226.2. IDFC : Up only above 171 (186 becomes Resistance) Does not go above 171 slides.
IRB : Up only above 200 ( 217-219 becomes Resistance) Reaches 209 closes at 206.
POWERGRID : Up only above 101 ( 108 becomes Resistance) Closes above 102 _ Flat
RPL : Up only above 180 ( 204-205 becomes Resistance) Closes @ 187.
TATA STEEL : Up only above 851 ( 812 becomes Support) Zooms to 902 & closes above 851 again (@881.7).
Readers who followed the points may have gained!!

Time Based Technicals

From Low of 4448.5 of 22nd Jan, 08 to
Top of 5506.6 of 5th Feb, 08 – 10 days (21 days Top to Top)
From Top of 5506.6 of 5th Feb, 08 to
Low of 4468.55 of 18th Mar, 08 - 29 days (40 days Low to Low)
From Low of 4468.55 of 18th Mar, 08 to
Top of 4970.8 of 28th Mar, 08 – 6 days (36 days Top to Top)
From Top of 4970.8 of 28th Mar, 08 to
Low of 4628.8 of 7th Apr, 08 – 7 days (13 days Low to Low)
From Low of 4628.8 of 7th April,08 to
Top of 5083.5 of 23rd Apr, 08 - 11 days (17 days Top to Top)
From Top of 5083.5 of 23rd Apr,08 to
Low of 4991.35 of 24th Apr,08 - 1 day (12 days Low to Low)
From Low of 4991.35 of 24th Apr,08 to
Top of 5298.85 of 02nd May,08 - 6 days (7 days Top to Top)
From Top of 5298.85 of 02nd May,08 to
Low of 4913.8 of 12th May,08 - 6 days (12 days Low to Low)
From Low of 4913.8 of 12th May,08 to
ongoing Top of 5118.55 of 15th May,08 - 3 day (ongoing)
SL: 4970(80)

NIFTY TECHNICALS ( SPOT )

Markets does not breach 4920 & moves above 4970(80) & closes above second Resistance.
Till 4920 & 4970(80) intact we may see upmove.
Support : 5000, 4970(80), 4950, 4920, 4880 (86), 4836(46), 4798, 4720(40),.. 4640(50).
Resistance : 5050(60), 5100, 5115, 5150, 5168.
Happy Trading!

STOCK TECHNICALS ( SPOT )

AIRDECCAN : Up only above 134 (153 becomes Resistance) makes High 141 & closes above 134.
HINDCONS : Up only above 128 ( 137 becomes Resistance) – Flat but above 128.
ITC : Up only above 216 ( 223 becomes Resistance) High 228.5 Close 226.3.
IDFC : Up only above 171 (186 becomes Resistance) Does not go above 171 slides.
IRB : Up only above 200 ( 217-219 becomes Resistance) Reaches 210 closes at 205.
POWERGRID : Up only above 101 ( 108 becomes Resistance) Closes above 102 _ Flat
RPL : Up only above 180 ( 204-205 becomes Resistance) Closes below 180 @ 184.
TATA STEEL : Up only above 851 ( 812 becomes Support) Zooms to 893 & closes above 851 again (@886).
Readers who followed the points may have gained!!

Time Based Technicals

From Low of 4448.5 of 22nd Jan, 08 to
Top of 5506.6 of 5th Feb, 08 – 10 days (21 days Top to Top)
From Top of 5506.6 of 5th Feb, 08 to
Low of 4468.55 of 18th Mar, 08 - 29 days (40 days Low to Low)
From Low of 4468.55 of 18th Mar, 08 to
Top of 4970.8 of 28th Mar, 08 – 6 days (36 days Top to Top)
From Top of 4970.8 of 28th Mar, 08 to
Low of 4628.8 of 7th Apr, 08 – 7 days (13 days Low to Low)
From Low of 4628.8 of 7th April,08 to
Top of 5083.5 of 23rd Apr, 08 - 11 days (17 days Top to Top)
From Top of 5083.5 of 23rd Apr,08 to
Low of 4991.35 of 24th Apr,08 - 1 day (12 days Low to Low)
From Low of 4991.35 of 24th Apr,08 to
Top of 5298.85 of 02nd May,08 - 6 days (7 days Top to Top)
From Top of 5298.85 of 02nd May,08 to
Low of 4913.8 of 12th May,08 - 6 days (12 days Low to Low)
From Low of 4913.8 of 12th May,08 to
ongoing Top of 5026.1 of 14th May,08 - 2 days (ongoing)
Resistance 5066.
As long as Market above 4913.8 we will see upmove!!!

NIFTY TECHNICALS ( SPOT )

Markets stay above 4970(80) make a top of 5066 ( mentioned second Resistance) break 4970(80) & then close at 4957.8.
Lets see if it breaches 4920 2morrow or moves up again above 4970(80)
Support 4950, 4920, 4880 (86), 4836(46), 4798, 4720(40),.. 4640(50).
Resistance 4970(80), 5000, 5050(60), 5100, 5115, 5150, 5168.

STOCK TECHNICALS ( SPOT )

AIRDECCAN : Up only above 134 (153 becomes Resistance) Opens at 134 & makes High 139 again slides below 134 & closes at 132
HINDCONS : Up only above 128 ( 137 becomes Resistance) moves to 140 & closes at 132.
ITC : Up only above 216 ( 223 becomes Resistance) High 229 Close 225.35.
IDFC : Up only above 171 (186 becomes Resistance) Makes High of 171 & slides
IRB : Up only above 200 ( 217-219 becomes Resistance) Reaches 211 closes at 208
POWERGRID : Up only above 101 ( 108 becomes Resistance) Closes above 101 _ Flat
RPL : Up only above 180 ( 204-205 becomes Resistance) Opens above 180 High of 187 & closes below 180
TATA STEEL : Up only above 851 ( 812 becomes Support) Zooms to 868 & closes above 851.

Readers who followed the points may have gained in both directions!!

Time Based Technicals

From Low of 4448.5 of 22nd Jan, 08 to
Top of 5506.6 of 5th Feb, 08 – 10 days (21 days Top to Top)
From Top of 5506.6 of 5th Feb, 08 to
Low of 4468.55 of 18th Mar, 08 - 29 days (40 days Low to Low)
From Low of 4468.55 of 18th Mar, 08 to
Top of 4970.8 of 28th Mar, 08 – 6 days (36 days Top to Top)
From Top of 4970.8 of 28th Mar, 08 to
Low of 4628.8 of 7th Apr, 08 – 7 days (13 days Low to Low)
From Low of 4628.8 of 7th April,08 to
Top of 5083.5 of 23rd Apr, 08 - 11 days (17 days Top to Top)
From Top of 5083.5 of 23rd Apr,08 to
Low of 4991.35 of 24th Apr,08 - 1 day (12 days Low to Low)
From Low of 4991.35 of 24th Apr,08 to
Top of 5298.85 of 02nd May,08 - 6 days (7 days Top to Top)
From Top of 5298.85 of 02nd May,08 to
Low of 4913.8 of 12th May,08 - 6 days (12 days Low to Low)
From Low of 4913.8 of 12th May,08 to
ongoing Top of 5066 of 13th May,08 - 1 day (ongoing)
2morrow crucial!!

STOCK TECHNICALS ( SPOT )

AIRDECCAN : Up only above 134 (153 becomes Resistance) Todays High 134.45
HINDCONS : Up only above 128 ( 137 becomes Resistance) Closes above 128.
ITC : Up only above 216 ( 223 becomes Resistance) Todays High 225 Close 223.8 Low 214.8
IDFC : Up only above 171 (186 becomes Resistance) Unable to stay above 171 so slides.
IRB : Up only above 200 ( 217-219 becomes Resistance) Closes above 200.
POWERGRID : Up only above 101 ( 108 becomes Resistance) Closes above 101 _ Flat
RPL : Up only above 180 ( 204-205 becomes Resistance) Closes above 180
TATA STEEL : Up only above 851 ( 812 becomes Support) Finds Support @ 811 (BSE) & zooms to 847 but still not above 851

NIFTY TECHNICALS ( SPOT )

Like mentioned - 4970(80) not breached markets will remain positive - 4970 was breached. If breached then 4950 & 4920 last hope for bulls - Markets took Support around 4920 - crossed 4970(80) & closed in positive territory above Resistance 5000. I hope readers gained.
Till 4970(80) intact we are on the way up!!
Support 5000, 4970(80), 4950, 4920, 4880 (86), 4836(46), 4798, 4720(40),.. 4640(50).
Resistance 5050(60), 5100, 5115, 5150, 5168.
SL 4914 ( todays Low) - a few points below it according to ones comfort level.
Happy Trading!!

Time Based Technicals

From Low of 4448.5 of 22nd Jan, 08 to
Top of 5506.6 of 5th Feb, 08 – 10 days (21 days Top to Top)
From Top of 5506.6 of 5th Feb, 08 to
Low of 4468.55 of 18th Mar, 08 - 29 days (40 days Low to Low)
From Low of 4468.55 of 18th Mar, 08 to
Top of 4970.8 of 28th Mar, 08 – 6 days (36 days Top to Top)
From Top of 4970.8 of 28th Mar, 08 to
Low of 4628.8 of 7th Apr, 08 – 7 days (13 days Low to Low)
From Low of 4628.8 of 7th April,08 to
Top of 5083.5 of 23rd Apr, 08 - 11 days (17 days Top to Top)
From Top of 5083.5 of 23rd Apr,08 to
Low of 4991.35 of 24th Apr,08 - 1 day (12 days Low to Low)
From Low of 4991.35 of 24th Apr,08 to
Top of 5298.85 of 02nd May,08 - 6 days (7 days Top to Top)
From Top of 5298.85 of 02nd May,08 to
ongoing Low of 4913.8 of 12th May,08 - 6 days (ongoing)

NIFTY TECHNICALS ( SPOT )

Till 4970(80) not breached markets will remain positive.
If breached then 4950 & 4920 last hope for bulls.
Support 4880 (86), 4836(46), 4798, 4720(40),.. 4640(50).
Resistance 5000, 5050(60), 5100, 5115, 5150, 5168.
Happy Trading!!

Time Based Technicals

From Low of 4448.5 of 22nd Jan, 08 to
Top of 5506.6 of 5th Feb, 08 – 10 days (21 days Top to Top)
From Top of 5506.6 of 5th Feb, 08 to
Low of 4468.55 of 18th Mar, 08 - 29 days (40 days Low to Low)
From Low of 4468.55 of 18th Mar, 08 to
Top of 4970.8 of 28th Mar, 08 – 6 days (36 days Top to Top)
From Top of 4970.8 of 28th Mar, 08 to
Low of 4628.8 of 7th Apr, 08 – 7 days (13 days Low to Low)
From Low of 4628.8 of 7th April,08 to
Top of 5083.5 of 23rd Apr, 08 - 11 days (17 days Top to Top)
From Top of 5083.5 of 23rd Apr,08 to
Low of 4991.35 of 24th Apr,08 - 1 day (12 days Low to Low)
From Low of 4991.35 of 24th Apr,08 to
Top of 5298.85 of 02nd May,08 - 6 days (7 days Top to Top)
From Top of 5298.85 of 02nd May,08 to
ongoing Low of 4969.4 of 09th May,08 - 5 days (ongoing)

STOCK TECHNICALS ( SPOT )

AIRDECCAN : Up only above 134 (153 becomes Resistance)
HINDCONS : Up only above 128 ( 137 becomes Resistance)
ITC : Up only above 216 ( 223 becomes Resistance)
IDFC : Up only above 171 (186 becomes Resistance)
IRB : Up only above 200 ( 217-219 becomes Resistance)
POWERGRID : Up only above 101 ( 108 becomes Resistance)
RPL : Up only above 180 ( 204-205 becomes Resistance)
TATA STEEL : Up only above 851 ( 812 becomes Support)

STOCK TECHNICALS ( SPOT )

I hope readers gained here too, scrips moved according to mentioned price action points. TATA STEEL hits 857 & marginally declines!

NIFTY TECHNICALS ( SPOT )

Clearly mentioned 5200 / 5264 nowhere in sight. Upmove only possible...
Markets reached last mentioned Support of 4970(80).
I hope readers acted on the info & gained!

NIFTY TECHNICALS ( SPOT )

5200 / 5264 nowhere in sight. Upmove possible only above it.
Now,Resistance : 5264 & 5200 , 5168, 5150, 5115, 5298, 5315, 5325 & 5350.
Support : 5101, 5050(60), 5000 & 4970(80).
Stop Loss : 4990
Happy Trading!!

Time Based Technicals

From Low of 4448.5 of 22nd Jan, 08 to
Top of 5506.6 of 5th Feb, 08 – 10 days (21 days Top to Top)
From Top of 5506.6 of 5th Feb, 08 to
Low of 4468.55 of 18th Mar, 08 - 29 days (40 days Low to Low)
From Low of 4468.55 of 18th Mar, 08 to
Top of 4970.8 of 28th Mar, 08 – 6 days (36 days Top to Top)
From Top of 4970.8 of 28th Mar, 08 to
Low of 4628.8 of 7th Apr, 08 – 7 days (13 days Low to Low)
From Low of 4628.8 of 7th April,08 to
Top of 5083.5 of 23rd Apr, 08 - 11 days (17 days Top to Top)
From Top of 5083.5 of 23rd Apr,08 to
Low of 4991.35 of 24th Apr,08 - 1 day (12 days Low to Low)
From Low of 4991.35 of 24th Apr,08 to
Top of 5298.85 of 02nd May,08 - 6 days (7 days Top to Top)
From Top of 5298.85 of 02nd May,08 to
ongoing Low of 5062.45 of 08th May,08 - 4 days (ongoing)
Support 5083.5 does not hold markets close just below it, if it can climb above it only then ..
Resistance 5182.6
SL anywhere below 4991.35 (according to ur comfort level).

STOCK TECHNICALS ( SPOT )

AIRDECCAN : Up above 153 ( Nowhere close to 153.)
HINDCONS : Up above 137 ( Once again above 137)
ITC : Up above 123 ( see how it came down to 213)
IDFC : Up only above 186 (Unable to cross it)
IRB : Up only above 217-219 ( going nowhere)
POWERGRID : Up only above 108 ( fall continues)
RPL : Up only above 204-205 ( the fall continues)
TATA STEEL : Up only above 812 ( See how it climbed to 849 & closed near todays high)

STOCK TECHNICALS ( SPOT )

AIRDECCAN : Up above 153 ( Nowhere close to 153.)
HINDCONS : Up above 137 ( Once again above 137)
ITC : Up above 123
IDFC : Up only above 186 (Unable to cross it)
IRB : Up only above 217-219 ( See how it made high 218.5 & came down)
POWERGRID : Up only above 108 ( Nowhere near it)
RPL : Up only above 204-205 ( See how it made high of 202 & came down)
TATA STEEL : Up only above 812 ( See how it climbed to 829 & closed near yesterdays high)

NIFTY TECHNICALS ( SPOT )

Upmove possible only above 5200 / 5264 Support: 5115.
Now,
Resistance : 5264 & 5200 , 5168, 5150, 5298, 5315, 5325 & 5350.
Support : 5115, 5101, 5050(60), 5000 & 4970(80).
Stop Loss : 4990
Happy Trading!!

Time Based Technicals

From Low of 4448.5 of 22nd Jan, 08 to
Top of 5506.6 of 5th Feb, 08 – 10 days (21 days Top to Top)
From Top of 5506.6 of 5th Feb, 08 to
Low of 4468.55 of 18th Mar, 08 - 29 days (40 days Low to Low)
From Low of 4468.55 of 18th Mar, 08 to
Top of 4970.8 of 28th Mar, 08 – 6 days (36 days Top to Top)
From Top of 4970.8 of 28th Mar, 08 to
Low of 4628.8 of 7th Apr, 08 – 7 days (13 days Low to Low)
From Low of 4628.8 of 7th April,08 to
Top of 5083.5 of 23rd Apr, 08 - 11 days (17 days Top to Top)
From Top of 5083.5 of 23rd Apr,08 to
Low of 4991.35 of 24th Apr,08 - 1 day (12 days Low to Low)
From Low of 4991.35 of 24th Apr,08 to
Top of 5298.85 of 02nd May,08 - 6 days (7 days Top to Top)
From Top of 5298.85 of 02nd May,08 to
ongoing Low of 5101.25 of 07th May,08 - 3 days (ongoing)
Support 5083.5 Resistance 5182.6 SL anywhere below 4991.35 (according to ur comfort level).
If Support 5083.5 holds we should at least reach Resistance 5182.6.

Time Based Technicals

From Low of 4448.5 of 22nd Jan, 08 to
Top of 5506.6 of 5th Feb, 08 – 10 days (21 days Top to Top)
From Top of 5506.6 of 5th Feb, 08 to
Low of 4468.55 of 18th Mar, 08 - 29 days (40 days Low to Low)
From Low of 4468.55 of 18th Mar, 08 to
Top of 4970.8 of 28th Mar, 08 – 6 days (36 days Top to Top)
From Top of 4970.8 of 28th Mar, 08 to
Low of 4628.8 of 7th Apr, 08 – 7 days (13 days Low to Low)
From Low of 4628.8 of 7th April,08 to
Top of 5083.5 of 23rd Apr, 08 - 11 days (17 days Top to Top)
From Top of 5083.5 of 23rd Apr,08 to
Low of 4991.35 of 24th Apr,08 - 1 day (12 days Low to Low)
From Low of 4991.35 of 24th Apr,08 to
Top of 5298.85 of 02nd May,08 - 6 days (7 days Top to Top)
From Top of 5298.85 of 02nd May,08 to
ongoing Low of 5110.9 of 06th May,08 - 2 days (ongoing)
Support 5083.5 Resistance 5182.6 SL anywhere below 4991.35 (according to ur comfort level)

NIFTY TECHNICALS ( SPOT )

Like mentioned yesterday upmove possible only above 5200 / 5264 - true to that markets made a high of 5206.5 & down went to Support @ 5115.
Now,
Resistance : 5264 & 5200 ( upmove possible only above this ) , 5168, 5150, 5298, 5315, 5325 & 5350.
Support : 5115, 5050(60), 5000 & 4970(80).
Stop Loss : 4990
Happy Trading!!

STOCK TECHNICALS ( SPOT )

AIRDECCAN : Up above 153 ( Just opened at 155 & could not sustain so came down)
HINDCONS : Up above 137 ( See how it made low of 138 & climbed to 150 & closed above 137)
IDFC : Up only above 186 ( See how it made high of 178.8 way below 186 & came down)
IRB : Up only above 217-219 ( See how it made high of 214.95 way below 217-219 & came down)
POWERGRID : Up only above 108 ( See how it made high of 107.2 - below 108 & came down)
RPL : Up only above 204-205 ( See how it made high of 204 & came down)
TATA STEEL : Up only above 812 ( See how it climbed to 824 & closed above 812)

STOCK TECHNICALS ( SPOT )

AIRDECCAN : Up above 153
HINDCONS : Up above 137
IDFC : Up only above 186
IRB : Up only above 217-219
POWERGRID : Up only above 108
RPL : Up only above 204-205
TATA STEEL : Up only above 812

NIFTY TECHNICALS ( SPOT )

Resistance : 5264 ( upmove possible only above this ) , 5298, 5315, 5325 & 5350.Support : 5200, 5168, 5150, 5115, 5050(60), 5000 & 4970(80).Stop Loss : 4990

Like mentioned yesterday upmove possible only above 5264 - true to that markets made a high of 5254.5 & went to Support @ 5168.
Now,
Resistance : 5200, 5264 ( upmove possible only above this ) , 5298, 5315, 5325 & 5350.
Support : 5168, 5150, 5115, 5050(60), 5000 & 4970(80).
Stop Loss : 4990
Happy Trading!!

TIME BASED TECHNICALS

From Low of 4448.5 of 22nd Jan, 08 to
Top of 5506.6 of 5th Feb, 08 – 10 days (21 days Top to Top)
From Top of 5506.6 of 5th Feb, 08 to
Low of 4468.55 of 18th Mar, 08 - 29 days (40 days Low to Low)
From Low of 4468.55 of 18th Mar, 08 to
Top of 4970.8 of 28th Mar, 08 – 6 days (36 days Top to Top)
From Top of 4970.8 of 28th Mar, 08 to
Low of 4628.8 of 7th Apr, 08 – 7 days (13 days Low to Low)
From Low of 4628.8 of 7th April,08 to
Top of 5083.5 of 23rd Apr, 08 - 11 days (17 days Top to Top)
From Top of 5083.5 of 23rd Apr,08 to
Low of 4991.35 of 24th Apr,08 - 1 day (12 days Low to Low)
From Low of 4991.35 of 24th Apr,08 to
Top of 5298.85 of 02nd May,08 - 6 days (7 days Top to Top)
From Top of 5298.85 of 02nd May,08 to
ongoing Low of 5182.6 of 05th May,08 - 1 day (ongoing)

NIFTY TECHNICALS ( SPOT )

Resistance : 5264 ( upmove possible only above this ) , 5298, 5315, 5325 & 5350.
Support : 5200, 5168, 5150, 5115, 5050(60), 5000 & 4970(80).
Stop Loss : 4990

SOME GYAN ON GANN

The stock market moves in 10-year cycles, which is worked out in 5-year cycles -- a 5-year cycle up and a 5-year cycle down.
"Rule 1: Bull or bear campaigns do not run more than 3 to 3 1/2 years up or down without a move of 3 to 6months or one year in the opposite direction. Many campaigns culminate in the 23rd month, not running outthe full two years. Watch the weekly and monthly charts to determine whether the culmination will occur in the23rd or 24th month of the move, or in the 34 to 35, 41 to 42, 49 to 60, 67 to 72, or 84 to 90th months.
"Rule 2: A Bull campaign runs five years; 2 years up, 1 year down, and 2 years up, completing a 5-yearcycle. The end of a 5-year campaign comes in the 59th or 60th months. Always watch for the change in the59th month.
"Rule 3: A Bear cycle runs five years down. First move 2 years down, then 1 year up and 2 years down -completing the 5-year down swing.
"Rule 4: Add ten years to any top and it will give you another top of a 10 year cycle with about the sameaverage fluctuations.
"Rule 5: Add ten years to any bottom and it will give you the next bottom of the 10-year cycle and of thesame kind of a year and about the same average fluctuations.
"Rule 6: Bear campaigns run out in 7-year cycles, or 3 years and 4 years from any complete bottom. Fromany complete bottom of a cycle first add 3 years to get the next bottom; then add 4 years to get bottom of 7-year cycle.
"Rule 7: From any complete top add three years to get the next top; then add three years to the first top,which will give the second top. Add four years to the second top to get the third and final top of a 10-yearcycle.
"Rule 8: Add five years to any top, will give the next bottom of a five-year cycle with about the same averagefluctuations. In order to get tops of a 5-year cycle, add five years to any bottom and it will give the next topwith the same average fluctuations. 1917 bottoms of a big bear campaign - add five years gives 1922 top of aminor bull campaign. Why do I say 'Top of a Minor Bull Campaign'? 1919 was top - add five years to 1919,gives 1924 as bottom of a 5-year Bear cycle. Refer to Rule 2 and 3, which will tell you that a Bull or Bearcampaign never runs more than two years in the same direction."The Bear campaign from 1919 was down two years - 1920 and 1921: therefore, we can only get a 1-year rally in 1922; then two years down - 1923 and 1924, which completes the 5-year Bear cycle. Now, look backto 1913 and 1914 and you will see that 1923 and 1924 must be Bear years to complete the 10-year cyclefrom the bottoms of 1913 and 1914. Then note 1917 bottom of a Bear year, add seven years and it gives1924 also as bottom of a Bear cycle.4
"Rule 9: How to make up Annual Forecasts for any year. Take ten years back and the future year will runvery close to the last 10-year cycle. For instance - 1932 will run like 1902, 1912, and 1922."There is a major cycle of 30 years, which runs out three ten-year cycles. The 10-year cycle back from thepresent and the 20-year cycle have the most effect on the future. But in completing the 30-year cycle, it isbest to have 30 years past records to check up to make up a future forecast. For instance: In order to makeup my 1922 Forecast, I check 1892, 1902, and 1912, and watch for minor variations in monthly moves. But I know that 1922 will run closest to 1912. However, some stocks will run close to the fluctuations of 1892 and1902. Remember each stock works from its own base or from its own tops and bottoms, and not alwaysaccording to Average tops and bottoms [by 'Averages,' Gann means stock indices, such as the Dow orS&P500]. Therefore, judge each stock individually and keep up weekly and monthly charts on them.
"Rule 10: Extreme Great Cycles. There must always be a major and a minor, a lesser and a greater, apositive and a negative; that is why stocks have three important moves in a 10-year cycle, two tops threeyears apart and the next one four years. This works again the five years moves, 2 years up and 1 year down,then 2 years up - two major and one minor move. The smallest complete cycle or workout in a market is fiveyears, and 10 is a complete cycle. Five times ten equals 50, which is the greatest cycle. At the end of a GreatCycle of 50 years, extreme high and low prices occur. Go [then?] over past records and you can verify this."The number '7' is the basis of time, and a panick occurs and depression in the stock market every sevenyears, which is extreme and greater than the three-year decline. Note 1907, 1917, etc. Seven times seven isfatal, which makes 49 years, and causes extreme fluctations in the 49th to 50th year. Remember that youmust begin with bottoms or tops to figure all cycles, whether major or minor. Extreme fluctuations also occurat the end of a 30-year cycle as you can see by going back 30 to 50 years.
"Rule 11: Monthly moves can be determined by the same rule as yearly; i.e., add three months to a bottom,then add four, making seven, to get minor bottoms and reaction points. But remember in a Bull market areaction may only last two or three weeks; then the advance is resumed. In this way, a market may continueup for twelve months without breaking a monthly bottom. In Big up swing a reaction will not last over twomonths, the third month being up, the same rule as in yearly cycle - two down and the third up. This same rule applies in Bear markets - rallies not lasting more than two months. Most moves run out in six to sevenweeks. Seven days in a week, and seven times seven making 49 days, a fatal turning point. Always watchyour annual trend and consider whether you are in a bear or Bull market. Many times when in a Bull year,with the monthly chart showing up, a stock will react two or three weeks, then rest three or four weeks, goinginto new territory and advancing six to seven weeks more. Always consider whether or not your big time limithas run out before judging a reverse move, and do not fail to consider your indications on time both frommain tops and bottoms.
"Rule 12: Daily Charts: The daily swing runs on the same rules as yearly and monthly cycles, but of course itis only a minor part of them. Important daily changes occur every seven and ten days. During a month naturalchanges in trend occur around the 6th to 7th, 9th to 10th, 14th to 15th, 19th to 20th, 23rd to 24th, 29th to31st. These minor moves occur in accordance with tops and bottoms of individual stocks. Watch for a changein Trend 30 days from last top or bottom. This is very important. Then watch for changes 60, 90, 120 daysfrom tops or bottoms. 180 days, or six months, is very important and sometimes marks changes for greatermoves. Also the 9th and 11th months from tops and bottoms should be watched for important minor andoften major changes."A daily chart gives the first short change, which may run for seven to ten days, the Weekly the next importantchanges in trend, and the month the strongest. Remember weekly moves run three to seven weeks; monthly2 to 3 months or more, according to the yearly cycle, before reversing."It is important to note whether a stock is making higher or lower bottoms each year. For instance, if a stock has made a higher bottom each year for five years, then makes a lower than previous year, it is a sign of areversal and may mark a long down cycle. The same rule applies in stocks that are making lower tops for anumber of years in a Bear market.
PS: A CCP from Mr. Gandhi who did a CCP from some other place.

TIME BASED TECHNICALS

8th Feb, 07 Top 4245 to

5th Mar , 07 Low of 3554 – 17 days

From Low of 3554 of 5th Mar 07 to

Top of 4647.95 of 24th July, 07 – 105 days ( 122 days Top to Top )

From Top of 4647.95 of 24th July, 07 to

Low of 4002.2 of 17th Aug, 07 – 17 days ( 122 days Low to Low )

From Low of 4002.2 of 17th Aug, 07 to

Top of 6357.1 of 8th Jan, 08 – 99 days ( 116 days Top to Top )

From Top of 6357.1 of 8th Jan, 08 to

Low of 4448.5 of 22nd Jan, 08 – 10 days ( 109 days Low to Low )

An almost exact time based match on the Nifty. PS : Days calculated are trading days.

From Low of 4448.5 of 22nd Jan, 08 to

Top of 5506.6 of 5th Feb, 08 – 10 days (21 days Top to Top)

From Top of 5506.6 of 5th Feb, 08 to

Low of 4468.55 of 18th Mar, 08 - 29 days (40 days Low to Low)

From Low of 4468.55 of 18th Mar, 08 to

Top of 4970.8 of 28th Mar, 08 – 6 days ( 36 days Top to Top)

From Top of 4970.8 of 28th Mar, 08 to

Low of 4628.8 of 7th Apr, 08 – 7 days ( 13 days Low to Low )

From Low of 4628.8 of 7th April,08 to

Top of 5083.5 of 23rd Apr, 08 - 11 days ( 17 days Top to Top)

From Top of 5083.5 of 23rd Apr,08 to

Low of 4991.35 of 24th Apr,08 - 1 day (12 days Low to Low)

From Low of 4991.35 of 24th Apr,08 to

ongoing Top of 5298.85 of 2nd May,08 - 5 days (ongoing)