Tuesday, May 20, 2008

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!