NIFTY TECHNICALS ( SPOT )

Point to Watch: 4687(91)
Nowhere near it so down & breaks Lows of Jan & Mar & yesterday’s - makes Low of 4369.8, Closes @ mentioned Support 4448 @ 4449.8
Support : 4448, 4400, 4395….4318….
Resistance: 4493, 4460(68), 4588, 4565, 4523, 4640(50), 4687(91), 4720(40), 4786, 4798, 4836(46), 4880(86), 4900, 4920.
Happy Trading!!

STOCK TECHNICALS ( SPOT )

AIR DECCAN : Up only above 111 - nowhere near 111 so down.
HINDCONS : Up only above 128.15, Support 113.6 & 120 - nowhere near 128.15 so down.
ITC : Up only above 219 - nowhere near 219 so down.
IDFC : Watch 126 – nowhere near 126 so down.
IRB : Up only above 191 - nowhere near 191 so down.
POWERGRID : Up only above 86 –High 85.9 & then down.
RPL : Up only above 164 – Low of 165.1 so up - High of 173.9 & closes @ 171.5
SAIL : Up only above 151-52 –Low 151.5 so up - High 159 & closes @ 157.75
TATA STEEL : Up only above 820, Resistance 851- high 832.5 - closes above 820 @ 820.2
RELIANCE IND: Up only above 2286 - nowhere near it - goes down.
ZEE EL: Up only above 226-27 – nowhere near it so down.

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
Low of 4536.25 of 5th June,08 - 4 days
From Low of 4536.25 of 5th June,08 to
Top of 4746.3 of 6th June, 08 – 1 day
From Top of 4746.3 of 6th June,08 to
ongoing Low of 4369.8 of 10th June,08 - 2 day (on going)
Next Time Frame to watch: 14th & 16th June08!
14th is a holiday so 13th???...