NIFTY TECHNICALS ( SPOT)

Point to Watch : 4105
Support : 4101(05), 4089, 4049, 4031, 4017,4009, 3996, 3932, 3855, 3738 ….. 3617…3609
Resistance: 4168, 4176, 4227, 4254, 4318, 4340.6, 4395, 4400
- Tests 4089 & moves up to exactly touch Resistance 4168. Closed above 4101(05) @ 4159.5
- D-Day for government 2morrow.
Happy Trading!!

STOCK TECHNICALS ( SPOT )

AIRDECCAN : Up only above 76 – Touches 75 & moves – down.
HINDCONS : Up only above 87 – Touches 88 but could not sustain – down.
IDFC : Watch 111 – below it – down.
IRB : Up only above 149 – nowhere near it – down.
ITC : Up only above 177.6 – closes above it – up.
POWERGRID : Up only above 87.35 – Keeps it as low & moves – up.
RCOM : Up only above 425 - Low above it – up.
RELCAPITAL : Up only above 1104 – could not sustain above it – down.
RELIANCE IND: Up only above 2120 – closes above it – up.
RPL : Up only above 150.5 - Keeps it as low & moves – up.
SAIL : Up only above 120.5 – Low above it – up.
TATA STEEL : Up only above 625 – nowhere near it – down.
ZEE EL: Up only above 197 – Makes a High exactly of 197 – down.

Total – 13 Scrips
Up – 06 Scrips
Down – 07 Scrips

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 4168.15 of 21st July, 08 – 3 days (ongoing)

TIME FRAME TO WATCH: 26th July,08