NIFTY TECHNICALS ( SPOT )

Point to Watch : 4944
Could not reach 4944 – High of 4926.9. Took Support again @ mentioned Support 1 – Closes above 4900 close to 4920.
Nifty down below Support range 4920 – 4970(80).
Point to Watch : 4944
Support : 4900, 4880(86), 4836(46), 4798, 4720(40),.. 4640(50).
Resistance : 4920, 4950, 4970(80), 5000, 5050(60), 5100, 5115, 5150, 5163, 5168.
As high lighted last two days – Nifty takes Support exactly at those levels!
Happy Trading!!

STOCK TECHNICALS ( SPOT )

AIR DECCAN : Up only above 126. - High 124 – closes @ 123.
HINDCONS : Up only above 121. – High 117 – then down ( Support 111).
ITC : Up only above 212. (228, 223 becomes Resistance). – high 223.25 – a crossover & close above 123 should make the up move more fierce.
IDFC : Up only above 154 – (171 is Resistance) . - High 150 –closes 148.
IRB : Up only above 196 ( 212, 217-219 becomes Resistance). – High 185 – closes @ 183.2.
POWERGRID : Up only above 100 ( 103.2, 108 becomes Resistance). – High 100.8 – closes above 100.
RPL : Up only above 183 ( 188.5, 204-205 becomes Resistance). – High 182 – closes @ 180.75.
SAIL : Up only above 172. (188 becomes Resistance). – High 167.65 – closes @ 165.6.
TATA STEEL : Up only above 851 ( 812 ,851 & 881 are Supports). – Does not break 851 - High 909.4.
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
Low of 4835.65 of 28th May,08 - 7 days (12 days Low to Low) ongoing?
Next Time Frame to watch 4th & 5th June08!