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!!