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)