STOCK TECHNICALS ( SPOT ) - 02.06.08 to 06.06.2008- WEEKLY REVIEW

Said on Sunday 01st June, 2008 :
AIRDECCAN : Up only above 115.3 - Monday makes high of 117 could not sustain above 115.3 made a Low of 100 on 4th June & closed at 104.55 on Fri.
HINDCONS : Up only above 120 Support 113.6 – Did not close below Support 113.6 on a single day – made a High of 130.5 on Fri. Closed above 120 @ 125.75
ITC : Up only above 219. High of 225 but could not close above Resistance 223 – Closes below Support 214 but above Support 210 @ 213.45
IDFC : Up only above 148.5 – Could not close above Support 145.7 on a single day closes @ 126.85
POWERGRID : Up only above 100-1 ( 103, 108 becomes Resistance) – made High of 100 on 2nd June closes @ 87 on Fri.
RPL : Up only above 173 ( 177, 183, 188.5, 204-205 becomes Resistance) – could not close above 173 on a single day – made high of 179.9 & closes @ 166.5 on Fri.
SAIL : Up only above 159 – makes High of 166.45 on Monday & all other days below 159 – closes @ 153.55 on Fri.
TATA STEEL : Up only above 851 ( 812 ,851 & 881 are Supports). – breaks 851 on 3rd June since could not break Resistance 914 – Closes @ 824.15
NEW SCRIPS (on the blog)
RELIANCE IND: Up only above 2397 – High 2444 on 4th June – Low of 2175 –closes @ 2238.5 on Fri.
ZEE EL: Up only above 225.4 – High of 230 on 2nd June – closes just below 225.4 @ 224.45 on Fri.

Conclusion: The price action around the points amply proves its importance as suggested!!