NIFTY TECHNICALS ( SPOT)

Point to Watch : 4105
Support : 4089, 4049, 4031, 4017,4009, 3996, 3932, 3855, 3738 ….. 3617…3609
Resistance: 4101(05), 4168, 4176, 4227, 4254, 4318, 4340.6, 4395, 4400
Happy Trading!!
CAUTION: TRUST VOTE 22nd Jul,08

STOCK TECHNICALS ( SPOT )

AIRDECCAN : Up only above 76
HINDCONS : Up only above 87IDFC : Watch 111
IRB : Up only above 149
ITC : Up only above 177.6
POWERGRID : Up only above 87.35
RCOM : Up only above 425
RELCAPITAL : Up only above 1104
RELIANCE IND: Up only above 2120
RPL : Up only above 150.5
SAIL : Up only above 120.5
TATA STEEL : Up only above 625
ZEE EL: Up only above 197

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
Low of 3790.2 of 16th July, 08 – 3 days (06days Low to Low)
From Low of 3790.2 of 16th July, 08 to
Ongoing Top of 4110.55 of 18th July, 08 – 2 days (ongoing)

TIME FRAME TO WATCH: 21st & 26th July,08

NIFTY TECHNICALS ( SPOT ) – 14.07.08 to 18.07.2008- WEEKLY REVIEW

Said on Sunday Sunday, July 13, 2008:
" Point to Watch : 4132
Support : 4049, 4031, 4017,4009, 3996, 3932, 3855, 3738
Resistance: 4089, 4101, 4168, 4176, 4227, 4254, 4318, 4340.6, 4395, 4400”
- Does not violate last mentioned Support of 3738 and goes above Resistance 4101 but fails to close over it - High of 4118.1 – Low of 3790.20 – Closes @ 4092.25
Conclusion: Violates recent Low – shows the markets nervousness because of political events coming up next week when the government faces the trust vote. Crude corrected & spiraled down which made FII’s turn net buyers in spot & saved the markets from further down-side. Nifty closed the week above Resistance 4089

STOCK TECHNICALS ( SPOT ) - 14.07.08 to 18.07.2008- WEEKLY REVIEW

Said on Sunday 13th Jul, 2008:
AIRDECCAN : Up only above 76 – High of 77.2 – Closed @ 74.15.
HINDCONS : Up only above 87– High of 90 – Closed @ 85.8
IDFC : Up only above 110 – High of 112.4 - Closed @ 109.65
IRB : Up only above 149 – High of 153.4 – Closed @ 143.7
ITC : Up only above 176.5 – High of 178.9 – Closed @ 176.25
POWERGRID : Up only above 87 - Support 72, 77-78 – Low of 77.05 – High of 87.7 – Closed @ 87
RELIANCE IND: Up only above 2022 - High 2127 – Closed @ 2113.2
RPL : Up only above 167 – Support 164, 161,156 - Resistance 171 – Fails to Cross Resistance 171 – breaks all Supports – Closed @ 153.8
SAIL : Up only above 140 - High 147.3 – Closed @ 123.2
TATA STEEL : Up only above 686 – High 699.9 – Closed @ 592.55
ZEE EL: Up only above 194 – Support 189 - High of 199.8 – Closes @ 194.75
New Scrips On the Blog :
RCOM : Up only above 448 - High 448.7 – Low 391.65 - Closed @ 435.1
RELCAPITAL : Up only above 1035 – High 1112.7 – Low 958 - Closed @ 1094.75

Conclusion: Most of them could not sustain over their UOA point (Up Only Above). Yet many have closed on or near them.