Monday, June 16, 2008

STOCK TECHNICALS ( SPOT )

AIR DECCAN : Up only above 105.05 – Comes close to it @ 104.85 but does not cross it – so down
HINDCONS : Up only above 117-18, Support 113.6 – touches it @ 118.9 – down
ITC : Up only above 196.4 – Low is above 196.4 – so moves up to high of 202.1 to close @ 201.5
IDFC : Watch 126 – Resistance 133.55 – High above resistance & close just below it @ 132.35
IRB : Up only above 179. – Low above it @ 180.5 – so up closes @ 185.45
POWERGRID : Up only above 85. – makes low above it @ 86.1 – so up closes @ 88..65
RPL : Up only above 181 – could not sustain closes @ 180.65 just below 181SAIL : Up only above 162 – closes just above it @ 162.9
TATA STEEL : Up only above 832. Support 820, Resistance 851 – low above it so up but could not sustain & close above resistance 851.
RELIANCE IND: Up only above 2286 – could not sustain closes below it @ 2282.35
ZEE EL: Up only above 219. – low above it @ 224 – closes above it @ 224.9

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