SBI - ICICI - AXIS STRATEGY FOR 11/06/12

LAST CLOSE @ 2179

RESISTANCE @ 2192 - 2207 -2216 -2234

SUPPORT @ 2156 - 2168 - 2150 - 2132

TRADING ABOVE 2192....NO PROBLEM FOR BULLS

IF PRICE TRADE ABOVE 2192 FOR 5- 10 MINUTES WITH VOLUME...BULLS MAY TRY TO KISS 2132 LEVEL SOON..

TRADING BELOW 2156 ....INDICATES WEAKNESS

LAST CLOSE @ 829

RESISTANCE @ 836 -843 -854

SUPPORT @ 815 - 813 -807

STIFF RESISTANCE @ 840- 843 LEVELS...

TRADING ABOVE 843...FOR 5 - 10 MINUTES WITH VOLUME ...NEXT TARGET MAY BE 854 NOT RULED OUT....

LAST CLOSE @ 1049

RESISTANCE @ 1062 - 1068 - 1076

SUPPORT @ 1038 - 1021 - 1017

BULLS NEED TO CLOSE ABOVE 1068....FOR ANOTHER UPSIDE MOVE...