NIFTY TECHNICALS ( SPOT )

Clearly mentioned 5200 / 5264 nowhere in sight. Upmove only possible...
Markets reached last mentioned Support of 4970(80).
I hope readers acted on the info & gained!

NIFTY TECHNICALS ( SPOT )

5200 / 5264 nowhere in sight. Upmove possible only above it.
Now,Resistance : 5264 & 5200 , 5168, 5150, 5115, 5298, 5315, 5325 & 5350.
Support : 5101, 5050(60), 5000 & 4970(80).
Stop Loss : 4990
Happy Trading!!

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
ongoing Low of 5062.45 of 08th May,08 - 4 days (ongoing)
Support 5083.5 does not hold markets close just below it, if it can climb above it only then ..
Resistance 5182.6
SL anywhere below 4991.35 (according to ur comfort level).

STOCK TECHNICALS ( SPOT )

AIRDECCAN : Up above 153 ( Nowhere close to 153.)
HINDCONS : Up above 137 ( Once again above 137)
ITC : Up above 123 ( see how it came down to 213)
IDFC : Up only above 186 (Unable to cross it)
IRB : Up only above 217-219 ( going nowhere)
POWERGRID : Up only above 108 ( fall continues)
RPL : Up only above 204-205 ( the fall continues)
TATA STEEL : Up only above 812 ( See how it climbed to 849 & closed near todays high)

STOCK TECHNICALS ( SPOT )

AIRDECCAN : Up above 153 ( Nowhere close to 153.)
HINDCONS : Up above 137 ( Once again above 137)
ITC : Up above 123
IDFC : Up only above 186 (Unable to cross it)
IRB : Up only above 217-219 ( See how it made high 218.5 & came down)
POWERGRID : Up only above 108 ( Nowhere near it)
RPL : Up only above 204-205 ( See how it made high of 202 & came down)
TATA STEEL : Up only above 812 ( See how it climbed to 829 & closed near yesterdays high)

NIFTY TECHNICALS ( SPOT )

Upmove possible only above 5200 / 5264 Support: 5115.
Now,
Resistance : 5264 & 5200 , 5168, 5150, 5298, 5315, 5325 & 5350.
Support : 5115, 5101, 5050(60), 5000 & 4970(80).
Stop Loss : 4990
Happy Trading!!

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
ongoing Low of 5101.25 of 07th May,08 - 3 days (ongoing)
Support 5083.5 Resistance 5182.6 SL anywhere below 4991.35 (according to ur comfort level).
If Support 5083.5 holds we should at least reach Resistance 5182.6.