Said on 25th May, 2008:
”Point to Watch : 4944
Support : 4920, 4880 (86), 4836(46), 4798, 4720(40),.. 4640(50).
Resistance : 4950, 4970(80), 5000, 5050(60), 5100, 5115, 5150, 5163, 5168, 5180, 5200, 5245(50)”.
- Markets takes support @ 4836(46) on two days , tests it on two occasions & bounces. Tests point to watch twice but fails to close above it on both occasions & goes down.
Conclusion: Supports 4836(46) - 4798 held & points to watch 4944 proved to be a strong resistance. The high lighted support too proved right on both occasions!!
Sunday, June 1, 2008
Thursday, May 29, 2008
NIFTY TECHNICALS ( SPOT )
Point to Watch : 4944
Crossed 4944 but could not sustain – High of 4957.4. Took Support again @ mentioned Support 4 – Closes just below 4836.
Nifty down below Support range 4920 – 4970(80).
Point to Watch : 4944
Support : 4798, 4786, 4720(40),.. 4640(50).
Resistance : 4836(46), 4900,4920, 4950, 4970(80), 5000, 5050(60), 5100, 5115, 5150, 5163, 5168.
High light removed yesterday - support breached - but taken support @ next level Nifty takes Support on mentioned supports!
Happy Trading!!
Crossed 4944 but could not sustain – High of 4957.4. Took Support again @ mentioned Support 4 – Closes just below 4836.
Nifty down below Support range 4920 – 4970(80).
Point to Watch : 4944
Support : 4798, 4786, 4720(40),.. 4640(50).
Resistance : 4836(46), 4900,4920, 4950, 4970(80), 5000, 5050(60), 5100, 5115, 5150, 5163, 5168.
High light removed yesterday - support breached - but taken support @ next level Nifty takes Support on mentioned supports!
Happy Trading!!
STOCK TECHNICALS ( SPOT )
AIR DECCAN : Up only above 126. - High 124.5 – down.
HINDCONS : Up only above 121. – High 116.7 – then down.
ITC : Up only above 212. (228, 223 becomes Resistance). – High 223.95 – Close 215.95
IDFC : Up only above 154 – (171 is Resistance) . - High 153.4 –closes 147.4
IRB : Up only above 196 ( 212, 217-219 becomes Resistance). – High 186.4 – closes @ 181.8
POWERGRID : Up only above 100 ( 103.2, 108 becomes Resistance). – High 103 – closes above 100.
RPL : Up only above 183 ( 188.5, 204-205 becomes Resistance). – High 184.4 – closes @ 176.
SAIL : Up only above 172. (188 becomes Resistance). – High 168.5 – closes @ 160.95.
TATA STEEL : Up only above 851 ( 812 ,851 & 881 are Supports). – Does not break 851 - High 922.8 – Closes above 881 .
Readers who would have followed the points would have gained.
HINDCONS : Up only above 121. – High 116.7 – then down.
ITC : Up only above 212. (228, 223 becomes Resistance). – High 223.95 – Close 215.95
IDFC : Up only above 154 – (171 is Resistance) . - High 153.4 –closes 147.4
IRB : Up only above 196 ( 212, 217-219 becomes Resistance). – High 186.4 – closes @ 181.8
POWERGRID : Up only above 100 ( 103.2, 108 becomes Resistance). – High 103 – closes above 100.
RPL : Up only above 183 ( 188.5, 204-205 becomes Resistance). – High 184.4 – closes @ 176.
SAIL : Up only above 172. (188 becomes Resistance). – High 168.5 – closes @ 160.95.
TATA STEEL : Up only above 851 ( 812 ,851 & 881 are Supports). – Does not break 851 - High 922.8 – Closes above 881 .
Readers who would have followed the points would 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
toTop 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 (13 days Low to Low) ongoing..
Next Time Frame to watch 4th & 5th June08!
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
toTop 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 (13 days Low to Low) ongoing..
Next Time Frame to watch 4th & 5th June08!
Wednesday, May 28, 2008
NIFTY TECHNICALS ( SPOT )
Point to Watch : 4944
Could not reach 4944 – High of 4926.9. Took Support again @ mentioned Support 1 – Closes above 4900 close to 4920.
Nifty down below Support range 4920 – 4970(80).
Point to Watch : 4944
Support : 4900, 4880(86), 4836(46), 4798, 4720(40),.. 4640(50).
Resistance : 4920, 4950, 4970(80), 5000, 5050(60), 5100, 5115, 5150, 5163, 5168.
As high lighted last two days – Nifty takes Support exactly at those levels!
Happy Trading!!
Could not reach 4944 – High of 4926.9. Took Support again @ mentioned Support 1 – Closes above 4900 close to 4920.
Nifty down below Support range 4920 – 4970(80).
Point to Watch : 4944
Support : 4900, 4880(86), 4836(46), 4798, 4720(40),.. 4640(50).
Resistance : 4920, 4950, 4970(80), 5000, 5050(60), 5100, 5115, 5150, 5163, 5168.
As high lighted last two days – Nifty takes Support exactly at those levels!
Happy Trading!!
STOCK TECHNICALS ( SPOT )
AIR DECCAN : Up only above 126. - High 124 – closes @ 123.
HINDCONS : Up only above 121. – High 117 – then down ( Support 111).
ITC : Up only above 212. (228, 223 becomes Resistance). – high 223.25 – a crossover & close above 123 should make the up move more fierce.
IDFC : Up only above 154 – (171 is Resistance) . - High 150 –closes 148.
IRB : Up only above 196 ( 212, 217-219 becomes Resistance). – High 185 – closes @ 183.2.
POWERGRID : Up only above 100 ( 103.2, 108 becomes Resistance). – High 100.8 – closes above 100.
RPL : Up only above 183 ( 188.5, 204-205 becomes Resistance). – High 182 – closes @ 180.75.
SAIL : Up only above 172. (188 becomes Resistance). – High 167.65 – closes @ 165.6.
TATA STEEL : Up only above 851 ( 812 ,851 & 881 are Supports). – Does not break 851 - High 909.4.
Readers who would have followed the points would have gained.
HINDCONS : Up only above 121. – High 117 – then down ( Support 111).
ITC : Up only above 212. (228, 223 becomes Resistance). – high 223.25 – a crossover & close above 123 should make the up move more fierce.
IDFC : Up only above 154 – (171 is Resistance) . - High 150 –closes 148.
IRB : Up only above 196 ( 212, 217-219 becomes Resistance). – High 185 – closes @ 183.2.
POWERGRID : Up only above 100 ( 103.2, 108 becomes Resistance). – High 100.8 – closes above 100.
RPL : Up only above 183 ( 188.5, 204-205 becomes Resistance). – High 182 – closes @ 180.75.
SAIL : Up only above 172. (188 becomes Resistance). – High 167.65 – closes @ 165.6.
TATA STEEL : Up only above 851 ( 812 ,851 & 881 are Supports). – Does not break 851 - High 909.4.
Readers who would have followed the points would 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
Low of 4835.65 of 28th May,08 - 7 days (12 days Low to Low) ongoing?
Next Time Frame to watch 4th & 5th June08!
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 4835.65 of 28th May,08 - 7 days (12 days Low to Low) ongoing?
Next Time Frame to watch 4th & 5th June08!
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