NIFTY TECHNICALS ( SPOT )

Closes above Support 4640(50).
Point to Watch: 4836(46)
Support : 4640(50), 4588, 4565, 4523, 4493, 4460....
Resistance: 4720(40), 4786, 4798,4836(46), 4880(86), 4900, 4920, 4950, 4970(80), 5000.
2morrow will be interesting!
Happy Trading!!

STOCK TECHNICALS ( SPOT )

AIR DECCAN : Up only above 115.3 – still below 115.3
HINDCONS : Up only above 120 Support 113.6 – still below 120 but near it
ITC : Up only above 219. (223, 228 becomes Resistance) – Support 214, 210 – High 224 – closes above 219 ( could not close above Resistance 123 but Support 214 holds - still just above it on closing basis.
IDFC : Up only above 148.5 – Support 145.7- No where near 148.5
IRB : Up only above 192-193 – Support 187, 182, 178-79 – Touches 193 again but fails to close above it.
POWERGRID : Up only above 100-1 ( 103, 108 becomes Resistance ) – Nowhere near 100-1
RPL : Up only above 173 – still below it.
SAIL : Up only above 159. – High 158.25 – Closes @ 157.1
TATA STEEL : Up only above 851 ( 812 ,851 & 881 are Supports). Resistance 914 – Still below 851 but above 812
NEW SCRIPS (on the blog)
RELIANCE IND: Up only above 2397 –nowhere near it.
ZEE EL: Up only above 225.4 – Closes @ 225.

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
Top of 4908.85 of 30th May,08 - 1 day
From Top of 4908.85 of 30th May,08 to
ongoing Low of 4536.25 of 5th June,08 - 4 days (on going)
Next Time Frame to watch: 9th June08!
5th June brings relief !....