AXIS-ICICI-SBI-TATA MOTORS-TATA STEEL-ONGC ANALYSIS FOR 31/05/12

LAST CLOSE @ 2098

RESISTANCE @ 2105 - 2118 - 2128 - 2150

SUPPORT @ 202 - 2069 - 2047 - 2017

IF PRICE TRADE BELOW 2082.... INDICATES NEGATIVE FOR BULLS.....CLOSING BELOW 2082 .....BEARS MAY TRY TO EXTENT THE FALL UPTO 2047 - 2017 LEVELS..SO CRUCIAL SUPPORT @ 2082

LAST CLOSE @ 817

RESISTANCE @ 826 - 837 - 844

SUPPORT @ 813 - 805 - 796

TRADING BELOW 817....INDICATES WEAKNESS....DON'T TAKE LONG POSITION,IF TRADE BELOW 817....CLOSING BELOW 817 INDICATES FAVOURING BEARS....LEAD SLIDE UPTO 790 LEVELS.

LAST CLOSE @ 1001

RESISTANCE @ 1014 - 1017 - 1032

SUPPORT @ 996 - 991 - 983

CLOSING BELOW 990 INDICATES BEARISH.....MAY SLIDE TO 975 - 962 LEVELS.

LAST CLOSE @ 307

RESISTANCE @ 314 - 316 - 320

SUPPORT @ 305 - 301 - 295

CLOSING BELOW 305 SHOWS NEGATIVE.....LEADS TO 299 - 284 LEVELS.

LAST CLOSE @ 455

RESISTANCE @ 463 - 470 - 476

SUPPORT @ 448 - 440 - 434

CHART INDICATES TECHNICALLY BEARISH.....CLOSING BELOW 468....BEARS MAY KISS 440 - 434 LEVELS VERY SOON

LAST CLOSE @ 410

RESISTANCE @ 415 - 420 - 425

SUPPORT @ 408 - 402 - 397

CHART INDICATES TECHNICALLY WEAK.

DON'T INITIATE LONG POSITION , IF TRADE BELOW 415.

PRICE MAY SLIDE 396 -390 LEVELS VERY SOON.

LAST CLOSE @ 243

RESISTANCE @ 246 - 252 - 255 -260

SUPPORT @ 241 - 235 - 231 - 223

MAIN SUPPORT @ 231

TRADING AND CLOSING BELOW 231,MAY SLIDE TO 222 LIKELY.

LAST CLOSE @ 618

RESISTANCE @ 622 - 630 - 632

SUPPORT @ 609 - 595 - 591

LONG POSITION INITIATED ONLY ABOVE 632 PRICE LEVEL.

CURRENTLY,CHART INDICATES WEAKNESS,MAY SLIP TO 585 -580 LEVELS..

LAST CLOSE @ 252

RESISTANCE @ 259 - 262

SUPPORT @ 250 - 247 - 243

LONG POSITION INITIATED ONLY ABOVE 254.

IF PRICE TRADE CONTINUOUSLY BELOW 254 INDICATES BEARS MAY EXTENT THE FALL TO 248 - 242 LEVELS LIKELY.

MAIN SUPPORT @ 240