NIFTY TECHNICALS ( SPOT)

Point to Watch : 4132
Support : 4031, 4017,4009, 3996, 3932, 3855, 3738
Resistance: 4049, 4089, 4101, 4168, 4176, 4227, 4254, 4318, 4340.6, 4395, 4400
- nowhere near 4132 – so down. Tests 4009 & closes above Support 4031.
Happy Trading!!

STOCK TECHNICALS ( SPOT )

AIRDECCAN : Up only above 76 – nowhere near it so down.
HINDCONS : Up only above 87 – could not sustain above it – down.
IDFC : Up only above 110 - could not sustain above it – down.
IRB : Up only above 149 – closes just above it –up.
ITC : Up only above 176.5 - could not sustain above it – down.
POWERGRID : Up only above 87 - Support 72, 77-78 – barely touches it – but above support levels – down.
RELIANCE IND: Up only above 2022 – closes above it – up.
RPL : Up only above 167 – Support 164, 161,156 - Resistance 171 – closes just above it – up.SAIL : Up only above 140 - could not sustain above it – down.
TATA STEEL : Up only above 686 - could not sustain above it – down.
ZEE EL: Up only above 194 – Support 189 - closes just above it – up.
New Scrips On the Blog :
RCOM : Up only above 448 - barely touches it – down.
RELCAPITAL : Up only above 1035 - closes above it – up.

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
Low of 3848.25 of 2nd July, 08 – 4 days (05 days Low to Low)
From Low of 3848.25 of 2nd July, 08 to
Top of 4114.5 of 7th July, 08 – 3 days (07 days Top to Top)
From Top of 4114.5 of 7th July, 08 to
Low of 3896.05 of 8th July, 08 – 1 day (04 days Low to Low)
From Low of 3896.05 of 8th July, 08 to
Top of 4215.5 of 11th July, 08 – 3 days (04 days Top to Top)
From Top of 4215.5 of 11th July, 08 to
Ongoing Low of 4004.25 of 14th July, 08 – 1 day (ongoing)
TIME FRAME TO WATCH: 14 & 16 July
- 14th July turned out to be a real tug of war between the bulls & bears & also between the two exchanges as NSE was positive most of the time & BSE exact opposite – negative & ultimately both NSE & BSE closed in the negative. 2morrow should be interesting!