Makes Low of 5010.7 – could not sustain above 5115. closes above Support 4.
Now,
Support : 5000, 4970(80), 4950, 4920, 4880 (86), 4836(46), 4798, 4720(40),.. 4640(50).
Resistance : 5050(60), 5100, 5115, 5150, 5163, 5168, 5180, 5200, 5245(50).
Nearing Strong Support Zone of 4920 – 4980. 5163 remains point to watch!
Happy Trading!
Thursday, May 22, 2008
STOCK TECHNICALS ( SPOT )
AIR DECCAN : Up only above 136 – Low of 134 & High of 138, closes below 136 @ 135.25
HINDCONS : Up only above 138 – High of 131 & then down.
ITC : Up only above 228. 223 becomes Support. High of 231 & closes above support 223.
IDFC : Up only above 171 – Nowhere near 171 goes down.
IRB : Up only above 212 ( 217-219 becomes Resistance) – High 211.5 & then down.
POWERGRID : Up only above 103.2 ( 108 becomes Resistance) – High 102 & then down.
RPL : Up only above 188.5 ( 204-205 becomes Resistance) – High 192 & closes just below 188 @ 187.1.SAIL : Up only above 188 – High 180.9 then down.
TATA STEEL : Up only above 851 ( 812 ,851 & 881 are Supports) – High 919.7 closes above 851 & 881 @ 909.15.
Readers who have followed these levels may have gained!!
HINDCONS : Up only above 138 – High of 131 & then down.
ITC : Up only above 228. 223 becomes Support. High of 231 & closes above support 223.
IDFC : Up only above 171 – Nowhere near 171 goes down.
IRB : Up only above 212 ( 217-219 becomes Resistance) – High 211.5 & then down.
POWERGRID : Up only above 103.2 ( 108 becomes Resistance) – High 102 & then down.
RPL : Up only above 188.5 ( 204-205 becomes Resistance) – High 192 & closes just below 188 @ 187.1.SAIL : Up only above 188 – High 180.9 then down.
TATA STEEL : Up only above 851 ( 812 ,851 & 881 are Supports) – High 919.7 closes above 851 & 881 @ 909.15.
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 5010.7 of 22nd May,08 - 3 days (on going)
Time frame to watch 21 to 23 May & 27 May!
( Note how the time frame has behaved upto now)
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 5010.7 of 22nd May,08 - 3 days (on going)
Time frame to watch 21 to 23 May & 27 May!
( Note how the time frame has behaved upto now)
Wednesday, May 21, 2008
NIFTY TECHNICALS ( SPOT )
Makes Low of 5048.7 & goes up to 5135.55 tests 2nd Support & closes above Resistance 1.
Now,
Support : 5115, 5100, 5050(60), 5000, 4970(80), 4950, 4920, 4880 (86), 4836(46), 4798, 4720(40),.. 4640(50).
Resistance : 5150, 5163, 5168, 5180, 5200, 5245(50).
5163 remains point to watch!
Happy Trading!
Now,
Support : 5115, 5100, 5050(60), 5000, 4970(80), 4950, 4920, 4880 (86), 4836(46), 4798, 4720(40),.. 4640(50).
Resistance : 5150, 5163, 5168, 5180, 5200, 5245(50).
5163 remains point to watch!
Happy Trading!
STOCK TECHNICALS ( SPOT )
AIR DECCAN : Up only above 136 – Low of 135.05 & High of 139, closes above 136 @ 138.3
HINDCONS : Up only above 138 – High of 132.9 & then down.
ITC : Up only above 228. 223 becomes Support. High of 232.4 & closes above 228.
IDFC : Up only above 171 – Nowhere near 171 goes down.
IRB : Up only above 212 ( 217-219 becomes Resistance) – High 213.1.
POWERGRID : Up only above 103.2 ( 108 becomes Resistance) – High 105 & closes above 103.2 @ 103.5.
RPL : Up only above 188.5 ( 204-205 becomes Resistance) – High 193.5 & closes above 188 @ 192.85.
SAIL : Up only above 188 – High 184 then down.
TATA STEEL : Up only above 851 ( 812 ,851 & 881 are Supports) – High 925.5 closes above 851 & 881 @ 922 .
Readers who have followed these levels may have gained!!
HINDCONS : Up only above 138 – High of 132.9 & then down.
ITC : Up only above 228. 223 becomes Support. High of 232.4 & closes above 228.
IDFC : Up only above 171 – Nowhere near 171 goes down.
IRB : Up only above 212 ( 217-219 becomes Resistance) – High 213.1.
POWERGRID : Up only above 103.2 ( 108 becomes Resistance) – High 105 & closes above 103.2 @ 103.5.
RPL : Up only above 188.5 ( 204-205 becomes Resistance) – High 193.5 & closes above 188 @ 192.85.
SAIL : Up only above 188 – High 184 then down.
TATA STEEL : Up only above 851 ( 812 ,851 & 881 are Supports) – High 925.5 closes above 851 & 881 @ 922 .
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 5048.7 of 21st May,08 - 2 days (on going)
Time frame to watch 21 to 23 May & 27 May!
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 5048.7 of 21st May,08 - 2 days (on going)
Time frame to watch 21 to 23 May & 27 May!
Tuesday, May 20, 2008
NIFTY TECHNICALS ( SPOT )
Mentioned yesterday – “ Markets up till 4920 & 4970(80) not breached ! But needs to close above 5163” – Makes High of 5160 & tumbles to 5072 near 4th Support & closes above 3rd Support.
Now,
Support 5100, 5050(60), 5000, 4970(80), 4950, 4920, 4880 (86), 4836(46), 4798, 4720(40),.. 4640(50).
Resistance 5115, 5150, 5163, 5168, 5180, 5200, 5245(50).
5163 remains point to watch!
Happy Trading!
Now,
Support 5100, 5050(60), 5000, 4970(80), 4950, 4920, 4880 (86), 4836(46), 4798, 4720(40),.. 4640(50).
Resistance 5115, 5150, 5163, 5168, 5180, 5200, 5245(50).
5163 remains point to watch!
Happy Trading!
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