Markets does not breach 4920 & 4970(80) - closes exactly above third Resistance (5115).
Till 4920 & 4970(80) intact we may see upmove.
Support 5115, 5100, 5050(60), 5000, 4970(80), 4950, 4920, 4880 (86), 4836(46), 4798, 4720(40),.. 4640(50).
Resistance 5150, 5168.
( We have 3 holidays coming up squaring off positions for long weekend can put some pressure – caution needed for intra-day)
Happy Trading!
Thursday, May 15, 2008
STOCK TECHNICALS ( SPOT )
AIRDECCAN : Up only above 134 (153 becomes Resistance) makes High 143 & closes above 134 @ 139.
HINDCONS : Up only above 128 ( 137 becomes Resistance) – Flat but above 128.
ITC : Up only above 216 ( 223 becomes Support) High 228 Close 226.2. IDFC : Up only above 171 (186 becomes Resistance) Does not go above 171 slides.
IRB : Up only above 200 ( 217-219 becomes Resistance) Reaches 209 closes at 206.
POWERGRID : Up only above 101 ( 108 becomes Resistance) Closes above 102 _ Flat
RPL : Up only above 180 ( 204-205 becomes Resistance) Closes @ 187.
TATA STEEL : Up only above 851 ( 812 becomes Support) Zooms to 902 & closes above 851 again (@881.7).
Readers who followed the points may have gained!!
HINDCONS : Up only above 128 ( 137 becomes Resistance) – Flat but above 128.
ITC : Up only above 216 ( 223 becomes Support) High 228 Close 226.2. IDFC : Up only above 171 (186 becomes Resistance) Does not go above 171 slides.
IRB : Up only above 200 ( 217-219 becomes Resistance) Reaches 209 closes at 206.
POWERGRID : Up only above 101 ( 108 becomes Resistance) Closes above 102 _ Flat
RPL : Up only above 180 ( 204-205 becomes Resistance) Closes @ 187.
TATA STEEL : Up only above 851 ( 812 becomes Support) Zooms to 902 & closes above 851 again (@881.7).
Readers who followed the points 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
ongoing Top of 5118.55 of 15th May,08 - 3 day (ongoing)
SL: 4970(80)
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 5118.55 of 15th May,08 - 3 day (ongoing)
SL: 4970(80)
Wednesday, May 14, 2008
NIFTY TECHNICALS ( SPOT )
Markets does not breach 4920 & moves above 4970(80) & closes above second Resistance.
Till 4920 & 4970(80) intact we may see upmove.
Support : 5000, 4970(80), 4950, 4920, 4880 (86), 4836(46), 4798, 4720(40),.. 4640(50).
Resistance : 5050(60), 5100, 5115, 5150, 5168.
Happy Trading!
Till 4920 & 4970(80) intact we may see upmove.
Support : 5000, 4970(80), 4950, 4920, 4880 (86), 4836(46), 4798, 4720(40),.. 4640(50).
Resistance : 5050(60), 5100, 5115, 5150, 5168.
Happy Trading!
STOCK TECHNICALS ( SPOT )
AIRDECCAN : Up only above 134 (153 becomes Resistance) makes High 141 & closes above 134.
HINDCONS : Up only above 128 ( 137 becomes Resistance) – Flat but above 128.
ITC : Up only above 216 ( 223 becomes Resistance) High 228.5 Close 226.3.
IDFC : Up only above 171 (186 becomes Resistance) Does not go above 171 slides.
IRB : Up only above 200 ( 217-219 becomes Resistance) Reaches 210 closes at 205.
POWERGRID : Up only above 101 ( 108 becomes Resistance) Closes above 102 _ Flat
RPL : Up only above 180 ( 204-205 becomes Resistance) Closes below 180 @ 184.
TATA STEEL : Up only above 851 ( 812 becomes Support) Zooms to 893 & closes above 851 again (@886).
Readers who followed the points may have gained!!
HINDCONS : Up only above 128 ( 137 becomes Resistance) – Flat but above 128.
ITC : Up only above 216 ( 223 becomes Resistance) High 228.5 Close 226.3.
IDFC : Up only above 171 (186 becomes Resistance) Does not go above 171 slides.
IRB : Up only above 200 ( 217-219 becomes Resistance) Reaches 210 closes at 205.
POWERGRID : Up only above 101 ( 108 becomes Resistance) Closes above 102 _ Flat
RPL : Up only above 180 ( 204-205 becomes Resistance) Closes below 180 @ 184.
TATA STEEL : Up only above 851 ( 812 becomes Support) Zooms to 893 & closes above 851 again (@886).
Readers who followed the points 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
ongoing Top of 5026.1 of 14th May,08 - 2 days (ongoing)
Resistance 5066.
As long as Market above 4913.8 we will see upmove!!!
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 5026.1 of 14th May,08 - 2 days (ongoing)
Resistance 5066.
As long as Market above 4913.8 we will see upmove!!!
Tuesday, May 13, 2008
NIFTY TECHNICALS ( SPOT )
Markets stay above 4970(80) make a top of 5066 ( mentioned second Resistance) break 4970(80) & then close at 4957.8.
Lets see if it breaches 4920 2morrow or moves up again above 4970(80)
Support 4950, 4920, 4880 (86), 4836(46), 4798, 4720(40),.. 4640(50).
Resistance 4970(80), 5000, 5050(60), 5100, 5115, 5150, 5168.
Lets see if it breaches 4920 2morrow or moves up again above 4970(80)
Support 4950, 4920, 4880 (86), 4836(46), 4798, 4720(40),.. 4640(50).
Resistance 4970(80), 5000, 5050(60), 5100, 5115, 5150, 5168.
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