NIFTY TECHNICALS ( SPOT )

Point to Watch: 4836(46)
Support : 4836(46), 4798, 4786, 4720(40),.. 4640(50)..
Resistance: 4880(86), 4900, 4920, 4950, 4970(80), 5000, 5050(60), 5084, 5100, 5115, 5150, 5163, 5168.
Happy Trading!!

STOCK TECHNICALS ( SPOT )

AIR DECCAN : Up only above 115.3
HINDCONS : Up only above 120 Support 113.6.
ITC : Up only above 219. (223, 228 becomes Resistance) – Support 214, 210
IDFC : Up only above 148.5 – Support 145.7
IRB : Up only above 192-193 – Support 187, 182, 178-79
POWERGRID : Up only above 100-1 ( 103, 108 becomes Resistance)
RPL : Up only above 173 ( 177, 183, 188.5, 204-205 becomes Resistance)
SAIL : Up only above 159.
TATA STEEL : Up only above 851 ( 812 ,851 & 881 are Supports). Resistance 914
NEW SCRIPS (on the blog)
RELIANCE IND: Up only above 2397
ZEE EL: Up only above 225.4

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 4801.9 of 29th May,08 - 8 days (12 days Low to Low)
From Low of 4801.9 of 29th May,08 to
ongoing Top of 4908.85 of 30th May,08 - 1 day (on going)
Next Time Frame to watch: 4th & 5th June08!

STOCK TECHNICALS ( SPOT ) - 26.05.08 to 30.05.2008- WEEKLY REVIEW

Said on Sunday 25th May, 2008 :
AIRDECCAN : Up only above 126 - Monday makes high of 126.9 & goes down to make low of 115 - closes @ 115.6
HINDCONS : Up only above 121 - Tuesday makes a high of 121.5 & goes down to make a low of 108.1 & closes @ 119.2
ITC : Up only above 212 ( 228, 223 becomes Resistance) – Wednesday & Thursday high of 223.25 & 223.95 – low of 201.55 & closes @ 217.75
IDFC : Up only above 154 – Monday makes high of 154 & goes down to 144.1 closes @ 147.25IRB : Up only above 196 - Monday makes a high of 196.45 & goes down to 175.05 - closes @ 190.25
POWERGRID : Up only above 100 ( 103.2, 108 becomes Resistance) – Makes high of 103 on Thursday & low of 95 - closes @ 98.60
RPL : Up only above 183 ( 188.5, 204-205 becomes Resistance) – Monday, Tuesday high of 183 & 183.9 Thursday 184.4 – Low of 171.85 – closes @ 174.7
SAIL : Up only above 172. (188 becomes Resistance) – Monday high of 171 goes down to 155.6 & closes @ 162
TATA STEEL : Up only above 851 ( 812, 851, 881 becomes Support) – Stays above 851 whole of the week ( Low of 853.6) – hits high of 925 - closes above 851 @ 902.8
Conclusion: The price action around the points amply proves its importance (again) as suggested!!

NIFTY TECHNICALS ( SPOT ) – 26.05.08 to 30.05.2008 - WEEKLY REVIEW

Said on 25th May, 2008:
”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)”.
- Markets takes support @ 4836(46) on two days , tests it on two occasions & bounces. Tests point to watch twice but fails to close above it on both occasions & goes down.
Conclusion: Supports 4836(46) - 4798 held & points to watch 4944 proved to be a strong resistance. The high lighted support too proved right on both occasions!!