Wednesday, May 21, 2008

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!