IDFC - SBI - ICICI ANALYSIS FOR 26/07/12

TECHNICALLY WEAK

TRADING BELOW 130.50....BEARS TRY TO HIT 127 - 125 IN INTRADAY.

TRADING ABOVE 131....MAY TOUCH 134 - 135

STRONG SUPPORT @  125

YESTERDAY WRITTEN....TRADING BELOW 2095...WILL TAKE TO 2061 - 2057 LEVELS

MADE LOW 2061

STRONG SUPPORT IN BETWEEN 2040 - 2048 LEVELS.

FOR INTRADAY MAIN SUPPORT @ 2061 - 2057 LEVELS.

IF BULLS CAN TRADE AND SUSTAIN ABOVE  2057....WILL TAKE TO 2095 - 2125 - 2130 LEVELS

SHORT TERM SUPPORT @ 2005 - 2000 LEVELS. 

CHART INDICATES....BELOW 919...TRADE WITH VOLUME FOR 5-10 MIN....SEE NON STOP SLIDE UPTO 916 - 910 - 907 LEVELS.

SUPPOSE CROSSOVER 922...BULLS TRY TO HIT 930 - 932 IN INTRA ITSELF.