STOCK TECHNICALS ( SPOT ) - 26.05.08 to 30.05.2008- WEEKLY REVIEW

Said on Sunday 25th May, 2008 :
AIRDECCAN : Up only above 126 - Monday makes high of 126.9 & goes down to make low of 115 - closes @ 115.6
HINDCONS : Up only above 121 - Tuesday makes a high of 121.5 & goes down to make a low of 108.1 & closes @ 119.2
ITC : Up only above 212 ( 228, 223 becomes Resistance) – Wednesday & Thursday high of 223.25 & 223.95 – low of 201.55 & closes @ 217.75
IDFC : Up only above 154 – Monday makes high of 154 & goes down to 144.1 closes @ 147.25IRB : Up only above 196 - Monday makes a high of 196.45 & goes down to 175.05 - closes @ 190.25
POWERGRID : Up only above 100 ( 103.2, 108 becomes Resistance) – Makes high of 103 on Thursday & low of 95 - closes @ 98.60
RPL : Up only above 183 ( 188.5, 204-205 becomes Resistance) – Monday, Tuesday high of 183 & 183.9 Thursday 184.4 – Low of 171.85 – closes @ 174.7
SAIL : Up only above 172. (188 becomes Resistance) – Monday high of 171 goes down to 155.6 & closes @ 162
TATA STEEL : Up only above 851 ( 812, 851, 881 becomes Support) – Stays above 851 whole of the week ( Low of 853.6) – hits high of 925 - closes above 851 @ 902.8
Conclusion: The price action around the points amply proves its importance (again) as suggested!!