Wednesday, May 28, 2008

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.

No comments: