NIFTY TECHNICALS ( SPOT ) - WEEKLY REVIEW

Said on 11 May, 2008:
"Till 4970(80) not breached markets will remain positive.If breached then 4950 & 4920 last hope for bulls.Support 4880 (86), 4836(46), 4798, 4720(40),.. 4640(50). Resistance 5000, 5050(60), 5100, 5115, 5150, 5168.Happy Trading!!"
- Markets tests all three supports & bounces to last mentioned resistance 5168 to finally close above 5150 @ 5157.7
Conclusion: All supports & resistances mentioned proved right!!

STOCK TECHNICALS ( SPOT ) - Weekly Review

Said on Sunday 11 May, 2008 :
AIRDECCAN : Up only above 134 (153 becomes Resistance) - Monday makes high of 134 & goes down to make low of 126 - rest of the week stays above 134 & makes a high of 143.9 & closes @ 138.05
HINDCONS : Up only above 128 ( 137 becomes Resistance) - Opens on Monday @ 128 but goes below it to make a low of 123.4 but closes above 128 - makes a high of 139.2 on Friday to close @ 136
ITC : Up only above 216 ( 223 becomes Resistance) - Opens @ 217 & remains above 216 throughout the week & makes a high of 229 - closes @ 227.1
IDFC : Up only above 171 (186 becomes Resistance) - Could not sustain above 171 through the week - makes a Low of 161 to close @ 168.65
IRB : Up only above 200 ( 217-219 becomes Resistance) - On Monday it went below 200 to hit a low of 192 but closes above 200 - rest of the week above 200 to make a high of 212.9 to close @ 210.15
POWERGRID : Up only above 101 ( 108 becomes Resistance) - Stays above 101 except on Monday when it hit low of 99.5 - High registered 103.35 to close @ 103.05
RPL : Up only above 180 ( 204-205 becomes Resistance) - Thrice it went below 180 in the week & hit Low of 171.15 but made higher bottom to finally make a high of 189.8 to close @ 187.2
TATA STEEL : Up only above 851 ( 812 becomes Support) - Below 851 on Monday , hits low of 811 - closes above 851 on Tuesday to make a high of 902 to close @ 891.15

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