CHARTS AND PATTERNS ANALYSIS: 07/12/12

Thursday, July 12, 2012

LAST CLOSE @ 5251

TRADING ABOVE 5250....TRY TO KISS 5263 AND 5272,

CROSSOVER 5272.....WILL TAKE TO 5280 AND 5302

BELOW 5250.....CAN SEE FREE FALL UPTO 5228 - 5220 LEVELS.

STRONG SUPPORT @ 5220 - 5215 LEVELS

LAST HOPE FOR BULLS @ 5203

BELOW 5203...WHERE IS THE NEXT TARGET..????

TECHNICALLY WEAK...IF PRICE TRADE BELOW 1050....FOR INTRADAY

SUPPOSE TRADE BELOW 1050....WILL SLIDE TO 1043 - 1035 LEVELS.

THEREAFTER MAIN SUPPORT @ 1031

SUPPOSE BULLS CAN TRADE ABOVE 1050.....WILL TAKE TO 1059 AND 1063.

CROSSOVER 1063.... NEXT RESISTANCE @ 1072

DOJI PATTERN IN DAILY CHART

IF BULLS CAN TRADE AND SUSTAIN ABOVE 931.....TRY TO HIT 935 AND 938.

ABOVE 938.....NEXT RESISTANCE @ 945

TRADING BELOW 928.....SEE SLIDE UPTO 924 AND 922.

STRONG SUPPORT @ 922

BELOW 922....SUPPORT @ 911

ABOVE 2222....CAN SEE 2235- 2239 LEVELS

STIFF RESISTANCE @ 2244 AND 2253

TRADING BELOW 2222

WILL TAKE TO 2210 - 2192

STRONG SUPPORT @ 2186

LAST CLOSE @ 845

RESISTANCE @ 849 - 852 - 862

SUPPORT @ 840 - 833 - 828

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