Wednesday, August 6, 2008

NIFTY TECHNICALS ( SPOT)

Point to Watch: 4418
Support: 4504, 4493, 4460(68), 4418, 4400, 4395, 4340, 4324, 4318, 4227, 4254, 4176, 4168
Resistance: 4550, 4595, 4600, 4651.5
Happy Trading!!

STOCK TECHNICALS ( SPOT )

AIRDECCAN : Up only above 82.65 – Resistance 86 - Closes just above Resistance 86 @ 86.95 - flat
BHARATFORG : Up only above 258 – Low 260 – Closes above 258 @ 269.1 - up
HINDCONS : Up only above 88.5 - 5 – Closes above 88.5 @ 99.8 - flat
IDFC : Watch 98.2 - Closes above 98.2 @ 106.15 - up
IRB : Up only above 137.55 - Closes above 137.55 @ 147.6 - flat
ITC : Up only above 186 - Closes above 186 @ 189.90 - flat
NTPC : Up only above 172.45 Resistance 183-184 – could not sustain above resistance - Closes below it – flat
POWERGRID : Up only above 93.75 - Closes above it @ 99.9 - down
RCOM : Up only above 423.15 - Closes above it - up
RELCAPITAL : Up only above 1342 - Closes above it - flat
RELIANCE IND: Up only above 2305 – could not sustain - down
RPL : Up only above 169.5 – Closes below it - down
SAIL : Up only above 145 - Closes above it - down
TATA STEEL : Up only above 682 - Below it - down
ZEE EL: Up only above 194.05 - above it - flat
Total – 15 Scrips
Up – 03 Scrips
Down – 05 Scrips
Flat – 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 – 03 days (04 days Top to Top)
From Top of 4215.5 of 11th July, 08 to
Low of 3790.2 of 16th July, 08 – 03 days (06days Low to Low)
From Low of 3790.2 of 16th July, 08 to
Top of 4539.45 of 24th July, 08 – 06 days (09 days Top to Top)
From Top of 4539.45 of 24th July, 08 to
Low of 4159.15 of 29th July, 08 – 03 days (09days Low to Low)
From Low of 4159.15 of 29th July, 08 to
ongoing Top of 4615.90 of 6th Aug, 08 – 06 days (ongoing 09 days Top to Top)

TIME FRAME TO WATCH: 5th & 7th Aug, 08