Wednesday, June 4, 2008

STOCK TECHNICALS ( SPOT )

AIR DECCAN : Up only above 115.3 – High 117 – break of 115.3 – Low of 110.25 & lower to 103.6 & still lower @ 100
HINDCONS : Up only above 120 Support 113.6 – High 122.75 – Low 116.8 & lower to 113.5 & still lower to 111.6
ITC : Up only above 219. (223, 228 becomes Resistance) – Support 214, 210 – High 224 – closes above 219 ( could not close above Resistance 123 but Support 214 holds - still just above it on closing basis.
IDFC : Up only above 148.5 – Support 145.7- High 151 – Low 140.55 – closes below support 145.7 & so lower to 133.25 & still lower @ 132.2
IRB : Up only above 192-193 – Support 187, 182, 178-79 – High 193.3 – Low 180 – above Support 178-79 – Closes @ 181.7 & retests 175 - 178-79 holds
POWERGRID : Up only above 100-1 ( 103, 108 becomes Resistance) – High 100 – goes down to 93 & lower to 90 & still lower @ 87.55
RPL : Up only above 173 ( 177, 183, 188.5, 204-205 becomes Resistance) – goes above 177 – could not sustain – Low 171.1 – Closes @ 172.5 just below 173 – 172 this time - goes lower to 166.1
SAIL : Up only above 159. – High 166.45 – Closes @ 153.6 – higher close 155.9- just below it @ 154.05
TATA STEEL : Up only above 851 ( 812 ,851 & 881 are Supports). Resistance 914 – High 915.95 – Low 864 – Closes @ 869 above 851- tests 851 & closes above it. - closes just above 812

NEW SCRIPS (on the blog)
RELIANCE IND: Up only above 2397 – High 2440 –Low 2340 – Closes @ 2358.8 – closes above 2397- closes below it @ 2307
ZEE EL: Up only above 225.4 – High 230 – Closes below 225.4

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