Thursday, June 19, 2008

NIFTY TECHNICALS ( SPOT

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.
See the magic of the points – yesterday 3-4 scrips closed just around it & today Nifty closes on it @ 4504.25
We may test previous Lows if 4504 broken. Caution needed!
Happy Trading!!

STOCK TECHNICALS ( SPOT )

AIR DECCAN : Up only above 105.05 – down!
HINDCONS : Up only above 117-18, Support 113.6 – down!
ITC : Up only above 196.4 – closes @ 205.8 - up
IDFC : Watch 126 – Resistance 133.55 – down!
IRB : Up only above 179. – closes @ 182.60 - up
POWERGRID : Up only above 85. – closes @ 89.25 - up
RPL : Up only above 181 – down!
SAIL : Up only above 162 – down!
TATA STEEL : Up only above 832. Support 820, Resistance 851 – down!
RELIANCE IND: Up only above 2286 – down!
ZEE EL: Up only above 219. – closes above it @ 242.6 – up
Out of 11 scrips:
Below Point - 7 scrips
Above Point - 4 scrips
On Point - none

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
Top of 4679.75 of 18th June,08 – 06 days (09days Top to Top)
From Top of 4679.75 of 18th June,08 to
ongoing Low of 4488.95 of 19th June,08 - 1 day (on going)
Next Time Frame to watch: 19th & 21st June08
- Again Time Frame proved correct!!