SBI-AXIS-ICICI-ONGC-TATA STEEL- TATA MOTORS-ONGC ANALYSIS FOR 30/05/12

LAST CLOSE : 2120

RESISTANCE @ 2128 - 2150 - 2169

SUPPORT @ 2101 - 2084 - 2076

TRADING ABOVE 2085.... INDICATING BULLISHNESS....BULLS NEED TO CLOSE ABOVE       2170 - 2183  FOR ANOTHER BLAST...

LAST HOPE FOR SBI @ 2075....TRADING AND CLOSING BELOW 2075.... WE CAN SEE 2015.....?????

LAST CLOSE : 839

RESISTANCE @ 846 - 854 - 867

SUPPORT @ 834 - 826 - 815

STIFF RESISTANCE BETWEEN 846 -855 LEVELS.....NEED TO CLOSE ABOVE 870....TO MAINTAIN UPTREND

LAST CLOSE : 1024

RESISTANCE @ 1030 - 1038 - 1050

SUPPORT @ 1019 - 1014 - 1004

MAIN SUPPORT @ 997

LAST CLOSE : 318

RESISTANCE @ 327 - 332 - 336

SUPPORT @ 317 - 306 - 301

BEARISH ENGULFING PATTERN FORMED.... SHOWING BEARISHNESS....DON'T GO LONG IF TRADE BELOW 316....

LAST CLOSE : 473

RESISTANCE @ 479 - 484 - 492

SUPPORT @ 465 - 455 - 448

TRADING AND CLOSING BELOW 471.... INDICATING LOSING MOMENTUM....DON'T GO LONG ,TRADE BELOW 471....BULLS HAVE TO CLOSE ABOVE 479.... FOR ANOTHER FIRE WORKS.....

LAST CLOSE : 416

RESISTANCE @ 420 - 425 - 432

SUPPORT @ 411 - 408 - 402

TRADING AND CLOSING ABOVE 416....SHOWING BULLISH

LAST CLOSE : 256

RESISTANCE @ 258 - 260 - 262

SUPPORT @ 254 - 252 - 248

TRADING BELOW 253.... SHOWING WEAKNESS..

LAST CLOSE : 276

RESISTANCE @ 283 - 286 - 288

SUPPORT @ 273 - 268 - 264

MAIN  SUPPORT @ 268

MAIN RESISTANCE @ 283 -288