NIFTY TECHNICALS ( SPOT )

Point to Watch : 4944
Could not reach 4944 – High of 4932 so down to mentioned Support 1 – Closes below 4880(86).
Nifty down below Support range 4920 – 4970(80).
Point to Watch : 4944
Support : 4836(46), 4798, 4720(40),.. 4640(50).
Resistance : 4880 (86), 4920, 4950, 4970(80), 5000, 5050(60), 5100, 5115, 5150, 5163, 5168.
Trend Change volatility?
Happy Trading!

STOCK TECHNICALS ( SPOT )

AIR DECCAN : Up only above 126. - High 123 – then down.
HINDCONS : Up only above 121. – High 121.25 – then down.
ITC : Up only above 212. (228, 223 becomes Resistance). – high 215.5 – could not sustain above 212 - then down.
IDFC : Up only above 154 – (171 is Resistance) . - High 152.9 – then down.
IRB : Up only above 196 ( 212, 217-219 becomes Resistance). – High 190.9 – then down.
POWERGRID : Up only above 100 ( 103.2, 108 becomes Resistance). – High 100.9 – then down.
RPL : Up only above 183 ( 188.5, 204-205 becomes Resistance). – High 183.9 – then down.
SAIL : Up only above 172. (188 becomes Resistance). – High 169.8 – then down.
TATA STEEL : Up only above 851 ( 812 ,851 & 881 are Supports). – High 889 – 881 now Resistance.
Readers who would have followed the points would 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 4846.2 of 27th May,08 - 6 days (on going)
Market did react to the time frame of 27th May but could not hold on to its gains!