STOCK TECHNICALS ( SPOT ) - Weekly Review

AIR DECCAN : Up only above 136. – High 142, Low of 125.1 Close below 136 @ 127.55
HINDCONS : Up only above 138. – Could not go above 138 - High of 137.85 goes down to 120.6 Close @ 121.35
ITC : Up only above 228. 223 becomes Support. – High 232.4 but breaks 223 & makes Low of 211.15 to close @ 213.6
IDFC : Up only above 171. – Stays below 171 – Makes High of 169 – Low of 153.8 – Closes @ 156.05.
IRB : Up only above 212 ( 217-219 becomes Resistance). Could not stay above 212 - Makes High of 213.1 – Low of 196 & Closes @ 196.85.
POWERGRID : Up only above 103.2 ( 108 becomes Resistance). – High 105 – Low 100 – Closes @ 100.4.
RPL : Up only above 188.5 ( 204-205 becomes Resistance) – High 193.5 – Low of 182.5 – Closes @ 184.05..SAIL: Up only above 188.
TATA STEEL : Up only above 851 ( 812 becomes Support). Stays above 851 – High of 925.5 – Low of 884 – Closes @ 897.1. (above 881 & 851)
Conclusion: Except Tata Steel no other scrip could sustain above the indicated points so slide – again indicating its importance as suggested!!