SBI-AXIS-ICICI-RELCAP- RELINFRA ANALYSIS FOR 1/06/12

LAST CLOSE @ 2056

RESISTANCE @ 2093 - 2107 - 2118

SUPPORT @ 2038 - 2017 - 1986

CHART INDICATES TECHNICALLY WEAK

TRADING BELOW 2093 INDICATING WEAKNESS

EXPECT NON STOP SLIDE UPTO 2017 - 1986 LEVELS.

YESTERDAY BOLDLY WRITTEN.... IF PRICE TRADE BELOW 2082.... INDICATES NEGATIVE FOR BULLS.....CLOSING BELOW 2082 .....BEARS MAY TRY TO EXTENT THE FALL UPTO 2047 - 2017 LEVELS..SO CRUCIAL SUPPORT @ 2082

LAST CLOSE @ 783

RESISTANCE @ 799 - 805 - 807

SUPPORT @ 781 - 768 - 762

TECHNICALLY WEAK

ULTIMATE TARGET 768

INITIATE BUY POSITION ONLY ABOVE 815.

YESTERDAY WRITTEN TRADING BELOW 817....INDICATES WEAKNESS....DON'T TAKE LONG POSITION,IF TRADE BELOW 817....CLOSING BELOW 817 INDICATES FAVOURING BEARS....LEAD SLIDE UPTO 790 LEVELS.

LAST CLOSE : 971

RESISTANCE @ 991 - 1000 - 1012.

SUPPORT @ 962 - 951 - 944

MAIN SUPPORT @ 951 - 922

INITIATE LONG POSITION ONLY ABOVE 991

YESTERDAY TOLD TRADING AND CLOSING BELOW 990 INDICATES BEARISH.....MAY SLIDE TO 975 - 962 LEVELS.

LAST CLOSE @ 308

RESISTANCE @ 312 - 316 - 320

SUPPORT @ 301 - 290 - 288

CLOSING BELOW 301 INDICATES TECHNICALLY WEAK.

SUPPOSE CLOSE BELOW 301... BEARS MAY TRY TO KISS 290 -282 LEVELS.

LAST CLOSE @ 449

RESISTANCE @ 460 - 465 - 472

SUPPORT @ 446 - 440 - 435

MAIN  SUPPORT @ 422

TECHNICALLY WEAK

GO LONG ONLY ABOVE 477.

ULTIMATE TARGET 433 -423

LAST CLOSE @ 404

RESISTANCE @ 411 - 415 - 419

SUPPORT @ 399 -396 - 390

MAIN SUPPORT @ 388

TECHNICALLY WEAK