SBI-ICICI-AXIS-TATA STEEL- TATA MOTOR ANALYSIS FOR 29/05/12

LAST CLOSE : 2101

RESISTANCE @ 2128 - 2140 - 2157 - 2170

SUPPORT @ 2069 - 2050 - 2040 - 2017

TECHNICALLY STRONG.... IF TRADING ABOVE 2080.....WATCH CAREFULLY 2170 LEVEL....SUPPOSE BREAK AND CLOSE ABOVE 2170.... WE CAN SEE 2210 - 2215 LEVELS

LAST FRIDAY... INITIATE BUY SBI FUTURE @ 1980....AND BUY CALL 2050 @ RS 9..... NOW TRADING ABOVE 60...STILL HOLDING....

LAST CLOSE : 1029

RESISTANCE @ 1032 - 1050 - 1067

SUPPORT @ 1013 - 1004 - 992

TECHNICALLY STRONG.....TRADING ABOVE 1001.... NO PROBLEM FOR BULLS...BULLS MAY TRY TO KISS 1050 - 1068 LEVELS SOON....

LAST CLOSE : 834

RESISTANCE @ 837 - 846 - 855

SUPPORT @ 826 - 817 - 805

TECHNICALLY STRONG ... IF TRADE ABOVE 823.... CAN SEE FIRE UPTO 855 LEVELS SOON...

LAST CLOSE : 412

RESISTANCE @ 416 - 420 - 425

SUPPORT @ 408 - 396 - 391

BULLS NEED TO CLOSE ABOVE 420....TO KILL BEARS...

LAST CLOSE : 277

RESISTANCE @ 284 - 288 - 292

SUPPORT @ 272 - 268 - 262

IF TRADE ABOVE 267....FAVOURING BULLS....IF CLOSE ABOVE 288.... EXPECT ANOTHER FIRE WORKS WILL START TILL....????? WAIT AND SEE....

LAST CLOSE : 254

RESISTANCE @ 258 - 260 - 262

SUPPORT @ 252 - 248 - 246

TECHNICALLY WEAK ... IF TRADE BELOW 255 .....BULLS NEED TO CLOSE ABOVE 255 FOR FURTHER UPSIDE...

LAST CLOSE : 324

STIFF RESISTANCE @ 332 - 336 LEVELS...IF BULLS CAN BREAK AND CLOSE ABOVE 336 LEVELS.....NEXT TARGET MAY BE 342 - 344

LAST CLOSE : 474

RESISTANCE @ 480 - 484 - 493

SUPPORT @ 466 - 455 - 450

BULLS NEED TO CLOSE ABOVE 478.....SUPPOSE CLOSE AND TRADE ABOVE 478.... WE CAN SEE 494 VERY SOON.....