Sunday, June 29, 2008

NIFTY TECHNICALS ( SPOT)

Point to Watch: 4194
Support : 4101….4049….4017…3996
Resistance: 4168, 4176, 4227, 4254, 4318, 4340.6, 4395, 4400, 4448, 4460(68)
Happy Trading!!

STOCK TECHNICALS ( SPOT )

AIRDECCAN : Up only above 69.4
HINDCONS : Up only above 83.65
IDFC : Watch 112-13
IRB : Up only above 149
ITC : Up only above 183.15
POWERGRID : Up only above 83 - Support 79-80
RPL : Up only above 176 – Support 166
SAIL : Up only above 143.75 – Support 141
TATA STEEL : Up only above 734
RELIANCE IND: Up only above 2133
ZEE EL: Up only above 211.50 – Support 204

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
Low of 4093.2 of 25th June,08 - 5 days (11days Low to Low)
From Low of 4093.2 of 25th June,08 to
Top of 4324.75 of 26th June,08 – 1 day (06 days Top to Top)
From Top of 4324.75 of 26th June, 08 to
Ongoing Low of 4119.2 of 27th June, 08 – 1 day (ongoing)
Next Time Frame to watch: 3rd & 6th July08!

NIFTY TECHNICALS ( SPOT ) – 23.06.08 to 27.06.2008- WEEKLY REVIEW

Said on Sunday 22nd June, 2008:
"Point to Watch: 4340.6
Support : 4340.6, 4318….4254, 4227…
Resistance: 4395, 4400, 4448, 4460(68), 4493, 4504, 4523, 4565, 4588, 4640(50)”
- Could not sustain above 4340.6 crossed it only once that too opening of the week basis.
- Imminent crash as per my Point to Watch Theory – new recent Low formed @ 4093.2!!!Conclusion: A week which showed that if the Point to Watch is not crossed – the markets go down!!! Readers who followed this may have gained!

STOCK TECHNICALS ( SPOT ) - 23.06.08 to 27.06.2008- WEEKLY REVIEW

Said on Sunday 22nd June, 2008:
AIRDECCAN : Up only above 91.7 – High of 95.7 & all other days below 91.7 – Closed @ 69.8 on Fri.
HINDCONS : Up only above 108.3 – High of 108.9 – Closed @ 84.15
IDFC : Watch 118.75 – High of 124.95 - Closes @ 113.35
ITC : Up only above 196.45 - High of 204.25 – Closed @ 183.7
IRB : Up only above 178.6 – High 179 – Closes @ 150.50
POWERGRID : Up only above 86.65 – High of 97.4 – Closes @ 80.1
RPL : Up only above 170.1 – High 178.3 - Closes @ 173.65
SAIL : Up only above 153.35 – High 155.95 - Closes @ 144.2
TATA STEEL : Up only above 774.45 – Resistance 820, 832, 851- High 795 - Closes @ 726.75
RELIANCE IND: Up only above 2087.25 – High 2259.9 – Closes @ 2182.65
ZEE EL: Up only above 220.1 – High of 226 – Closes @ 213.25
Conclusion: Only RPL & Reliance stayed above their point - rest you can se fell like nine pins!

TIME BASED TECHNICALS ( Weekly Review )

Said on Sunday 22nd June08:
“Next Time Frame to watch: 24th, 26th & 28th June08”! (28th was a holiday)
- SPOT ON!!