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.