NIFTY TECHNICALS ( SPOT )

Point to Watch : 4944
Crossed 4944 but could not sustain – High of 4957.4. Took Support again @ mentioned Support 4 – Closes just below 4836.
Nifty down below Support range 4920 – 4970(80).
Point to Watch : 4944
Support : 4798, 4786, 4720(40),.. 4640(50).
Resistance : 4836(46), 4900,4920, 4950, 4970(80), 5000, 5050(60), 5100, 5115, 5150, 5163, 5168.
High light removed yesterday - support breached - but taken support @ next level Nifty takes Support on mentioned supports!
Happy Trading!!

STOCK TECHNICALS ( SPOT )

AIR DECCAN : Up only above 126. - High 124.5 – down.
HINDCONS : Up only above 121. – High 116.7 – then down.
ITC : Up only above 212. (228, 223 becomes Resistance). – High 223.95 – Close 215.95
IDFC : Up only above 154 – (171 is Resistance) . - High 153.4 –closes 147.4
IRB : Up only above 196 ( 212, 217-219 becomes Resistance). – High 186.4 – closes @ 181.8
POWERGRID : Up only above 100 ( 103.2, 108 becomes Resistance). – High 103 – closes above 100.
RPL : Up only above 183 ( 188.5, 204-205 becomes Resistance). – High 184.4 – closes @ 176.
SAIL : Up only above 172. (188 becomes Resistance). – High 168.5 – closes @ 160.95.
TATA STEEL : Up only above 851 ( 812 ,851 & 881 are Supports). – Does not break 851 - High 922.8 – Closes above 881 .
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
toTop 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 4801.9 of 29th May,08 - 8 days (13 days Low to Low) ongoing..
Next Time Frame to watch 4th & 5th June08!