RELCAP - RELINFRA ICICI - AXIS BANK TRADING STRATEGIES FOR 28/08/12

LAST CLOSE @ 333

YESTERDAY WE HAD WRITTEN....TRADING BELOW 347...TAKE TO 330 - 325 LEVELS (MADE LOW 331) 

TODAY.....TRADING BELOW 330.....SEE NON STOP SLIDE UPTO 325 - 323 LEVELS.

LAST HOPE FOR BULLS 317 AND 313

RESISTANCE @ 340 AND 342

YESTERDAY BOLDLY WRITTEN...TRADING BELOW 500...TAKE TO 470 - 465 LEVELS...(MADE LOW 469)

TODAY..TRADING BELOW 472...TAKE TO 467 AND 462 LEVELS.

THEN 458 NOT RULED OUT.

INTRADAY RESISTANCE @ 478 - 483 - 492 LEVELS 

TECHNICALLY VERY WEAK

TODAY TRADING BELOW 1046....TAKE TO 1032 AND 1022 LEVELS IN INTRA

THEREAFTER....1016 TARGET FOR BEARS

RESISTANCE @ 1046 AND 1052 LEVELS

YESTERDAY WRITTEN...TRADING BELOW 952..CAN SEE PANIC UPTO 937 LEVELS (MADE LOW 933) AND RESISTANCE @ 960 (MADE HIGH 958)

TODAY...TRADING BELOW 935....SEE FREE FALL UPTO 925 - 920 LEVELS.

RESISTANCE @ 942- 945 - 952 LEVELS