Point to Watch: 4504
Support : 4504, 4493, 4460(68), 4448, 4400, 4395….4318….
Resistance: 4523, 4565, 4588, 4640(50), 4687(91), 4720(40), 4786, 4798, 4836(46), 4880(86), 4900, 4920.
Happy Trading!!
Sunday, June 15, 2008
STOCK TECHNICALS ( SPOT )
AIR DECCAN : Up only above 105.05
HINDCONS : Up only above 117-18, Support 113.6
ITC : Up only above 196.4
IDFC : Watch 126 – High 133.55IRB : Up only above 179.
POWERGRID : Up only above 85.
RPL : Up only above 181SAIL : Up only above 162.
TATA STEEL : Up only above 832. Support 820, Resistance 851
RELIANCE IND: Up only above 2286
ZEE EL: Up only above 219.
HINDCONS : Up only above 117-18, Support 113.6
ITC : Up only above 196.4
IDFC : Watch 126 – High 133.55IRB : Up only above 179.
POWERGRID : Up only above 85.
RPL : Up only above 181SAIL : Up only above 162.
TATA STEEL : Up only above 832. Support 820, Resistance 851
RELIANCE IND: Up only above 2286
ZEE EL: Up only above 219.
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 (09 days Top to Top)
From Top of 4908.85 of 30th May,08 to
Low of 4536.25 of 5th June,08 - 4 days (05 days Low to Low)
From Low of 4536.25 of 5th June,08 to
Top of 4746.3 of 6th June, 08 – 1 day (05 days Top to Top)
From Top of 4746.3 of 6th June,08 to
Low of 4369.8 of 10th June,08 - 2 days (03 days Low to Low)
From Low of 4369.8 of 10th June,08 to
ongoing Top of 4563.35 of 13th June,08 – 03 days (on going)
Next Time Frame to watch: 16th June08!
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 (09 days Top to Top)
From Top of 4908.85 of 30th May,08 to
Low of 4536.25 of 5th June,08 - 4 days (05 days Low to Low)
From Low of 4536.25 of 5th June,08 to
Top of 4746.3 of 6th June, 08 – 1 day (05 days Top to Top)
From Top of 4746.3 of 6th June,08 to
Low of 4369.8 of 10th June,08 - 2 days (03 days Low to Low)
From Low of 4369.8 of 10th June,08 to
ongoing Top of 4563.35 of 13th June,08 – 03 days (on going)
Next Time Frame to watch: 16th June08!
NIFTY TECHNICALS ( SPOT ) – 09.06.08 to 13.06.2008 - WEEKLY REVIEW
Said on Sunday 08th & 9th June, 2008:
” Point to Watch: 4687(91)Support : : 4588, 4565, 4523, 4493, 4460.... 4448, 4400, 4395….Resistance: 4640(50), 4687(91), 4720(40), 4786, 4798,4836(46), 4880(86), 4900, 4920, 4950, 4970(80), 5000.”.
- Makes High of 4626.45 – Stays Below 4687 through the week – Tests Support 4395 ( Low of 4369.8) - Closes @ 4517.1
Conclusion: Inability to go above 4687(91) makes the index test last mentioned Support 4395 – move up & close @ 4517.1 (forms a Low @ 4369.8)!!
” Point to Watch: 4687(91)Support : : 4588, 4565, 4523, 4493, 4460.... 4448, 4400, 4395….Resistance: 4640(50), 4687(91), 4720(40), 4786, 4798,4836(46), 4880(86), 4900, 4920, 4950, 4970(80), 5000.”.
- Makes High of 4626.45 – Stays Below 4687 through the week – Tests Support 4395 ( Low of 4369.8) - Closes @ 4517.1
Conclusion: Inability to go above 4687(91) makes the index test last mentioned Support 4395 – move up & close @ 4517.1 (forms a Low @ 4369.8)!!
STOCK TECHNICALS ( SPOT ) - 09.06.08 to 13.06.2008- WEEKLY REVIEW
Said on Sunday 08th June, 2008:
AIRDECCAN : Up only above 111 – High of 107.45 – Remained below 111 - Closed @ 102.6
HINDCONS : Up only above 128.15 Support 113.6 & 120 – High of 122.15 – Remained below 128.15 – Closed @ 114.35
ITC : Up only above 219. High of 213.4 – Remained below 219 – Closed @ 198.15
IDFC : Watch 126 – Closed above 126 from Wednesday to Friday – made High of 134.8 - Closes @ 132.3
IRB : Up only above 191 – High 186 – Remained below 191 – Closes @ 180.05
POWERGRID : Up only above 86 – High of 87.9 – Could not sustain above 86 -Closes @ 85.65.
RPL : Up only above 164 – Tuesday made Low of 165.1 & did not violate through the week – High 182.2 - Closes @ 179.15
SAIL : Up only above 151-52 – Tuesday made a Low of 151.5 & did not violate through the week – High 166 - Closes @ 159.2
TATA STEEL : Up only above 820 Resistance 851 – High 863.9 - Closes @ 841
RELIANCE IND: Up only above 2286 – High 2299.9 – Could not sustain above 2286 - Closes @ 2270.4
ZEE EL: Up only above 226-27 – could not close above 226 on a single day – closes @ 220.9 Conclusion: IDFC, RPL, SAIL, TATA STEEL amply proves importance of points when price moved above it & that of Air Deccan, HCC, ITC, IRB, Power Grid, Reliance, Zee when prices remained below it !!
AIRDECCAN : Up only above 111 – High of 107.45 – Remained below 111 - Closed @ 102.6
HINDCONS : Up only above 128.15 Support 113.6 & 120 – High of 122.15 – Remained below 128.15 – Closed @ 114.35
ITC : Up only above 219. High of 213.4 – Remained below 219 – Closed @ 198.15
IDFC : Watch 126 – Closed above 126 from Wednesday to Friday – made High of 134.8 - Closes @ 132.3
IRB : Up only above 191 – High 186 – Remained below 191 – Closes @ 180.05
POWERGRID : Up only above 86 – High of 87.9 – Could not sustain above 86 -Closes @ 85.65.
RPL : Up only above 164 – Tuesday made Low of 165.1 & did not violate through the week – High 182.2 - Closes @ 179.15
SAIL : Up only above 151-52 – Tuesday made a Low of 151.5 & did not violate through the week – High 166 - Closes @ 159.2
TATA STEEL : Up only above 820 Resistance 851 – High 863.9 - Closes @ 841
RELIANCE IND: Up only above 2286 – High 2299.9 – Could not sustain above 2286 - Closes @ 2270.4
ZEE EL: Up only above 226-27 – could not close above 226 on a single day – closes @ 220.9 Conclusion: IDFC, RPL, SAIL, TATA STEEL amply proves importance of points when price moved above it & that of Air Deccan, HCC, ITC, IRB, Power Grid, Reliance, Zee when prices remained below it !!
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