STOCK TECHNICALS ( SPOT )

AIR DECCAN : Up only above 136 – Low of 137 & High of 141, closes above 136 @ 138
HINDCONS : Up only above 138 – High of 137.5 & then down.
ITC : Up only above 228. 223 becomes Support.
IDFC : Up only above 171 – Nowhere near 171 goes down.
IRB : Up only above 212 ( 217-219 becomes Resistance) – High 210.85 & then down.
POWERGRID : Up only above 103.2 ( 108 becomes Resistance) – High 103.25 & then down.
RPL : Up only above 188.5 ( 204-205 becomes Resistance) – High 188 then down.
SAIL : Up only above 188 – High 190.95 then down.
TATA STEEL : Up only above 851 ( 812 becomes Support) – High 909.75 closes above 851 @ 894.85 .
Readers who have followed these levels may have gained!!

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
ongoing Low of 5072.4 of 20th May,08 - 1 day (on going)

Time frame to watch 21 to 23 May & 27 May!

NIFTY TECHNICALS ( SPOT )

Markets up till 4920 & 4970(80) not breached ! But needs to close above 5163.
Support 5150, 5115, 5100, 5050(60), 5000, 4970(80), 4950, 4920, 4880 (86), 4836(46), 4798, 4720(40),.. 4640(50).
Resistance 5168, 5180, 5200, 5245(50).
Happy Trading!

STOCK TECHNICALS ( SPOT )

AIR DECCAN : Up only above 136.
HINDCONS : Up only above 138.
ITC : Up only above 228. 223 becomes Support.
IDFC : Up only above 171.
IRB : Up only above 212 ( 217-219 becomes Resistance).
POWERGRID : Up only above 103.2 ( 108 becomes Resistance).'
RPL : Up only above 188.5 ( 204-205 becomes Resistance).
SAIL: Up only above 188.
TATA STEEL : Up only above 851 ( 812 becomes Support).

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
ongoing Top of 5167.40 of 16th May,08 - 4 days (ongoing)
Time frame to watch 21 to 23 May & 27 May!

NIFTY TECHNICALS ( SPOT ) - WEEKLY REVIEW

Said on 11 May, 2008:
"Till 4970(80) not breached markets will remain positive.If breached then 4950 & 4920 last hope for bulls.Support 4880 (86), 4836(46), 4798, 4720(40),.. 4640(50). Resistance 5000, 5050(60), 5100, 5115, 5150, 5168.Happy Trading!!"
- Markets tests all three supports & bounces to last mentioned resistance 5168 to finally close above 5150 @ 5157.7
Conclusion: All supports & resistances mentioned proved right!!

STOCK TECHNICALS ( SPOT ) - Weekly Review

Said on Sunday 11 May, 2008 :
AIRDECCAN : Up only above 134 (153 becomes Resistance) - Monday makes high of 134 & goes down to make low of 126 - rest of the week stays above 134 & makes a high of 143.9 & closes @ 138.05
HINDCONS : Up only above 128 ( 137 becomes Resistance) - Opens on Monday @ 128 but goes below it to make a low of 123.4 but closes above 128 - makes a high of 139.2 on Friday to close @ 136
ITC : Up only above 216 ( 223 becomes Resistance) - Opens @ 217 & remains above 216 throughout the week & makes a high of 229 - closes @ 227.1
IDFC : Up only above 171 (186 becomes Resistance) - Could not sustain above 171 through the week - makes a Low of 161 to close @ 168.65
IRB : Up only above 200 ( 217-219 becomes Resistance) - On Monday it went below 200 to hit a low of 192 but closes above 200 - rest of the week above 200 to make a high of 212.9 to close @ 210.15
POWERGRID : Up only above 101 ( 108 becomes Resistance) - Stays above 101 except on Monday when it hit low of 99.5 - High registered 103.35 to close @ 103.05
RPL : Up only above 180 ( 204-205 becomes Resistance) - Thrice it went below 180 in the week & hit Low of 171.15 but made higher bottom to finally make a high of 189.8 to close @ 187.2
TATA STEEL : Up only above 851 ( 812 becomes Support) - Below 851 on Monday , hits low of 811 - closes above 851 on Tuesday to make a high of 902 to close @ 891.15

Conclusion: The price action around the points amply proves its importance as suggested!!