AXIS BANK - SBI - TATA MOTORS ANALYSIS FOR 28/06/12

LAST CLOSE @ 1001

CHART INDICATES TECHNICALLY WEAK

TRADING BELOW 1000...WE CAN SEE 996 - 990 LEVELS IN INTRADAY.???

GOOD SUPPORT @ 990

TRADING BELOW 990....WILL TAKE TO 982 VERY SOON.

TRADING ABOVE 1001 ....PRICE MAY HIT 1006 - 1014 LEVELS.

 STIFF RESISTANCE @ 1015 - 1017 LEVELS.

LAST CLOSE @ 2113

IF PRICE TRADE BELOW 2110....PRICE MAY CORRECT TO 2103 - 2096 LEVELS.

THEREAFTER 2085 IS THE TARGET.

TRADE ABOVE 2115...WILL TAKE TO 2132 - 2138 LEVELS.

STIFF RESISTANCE @ 2138

ABOVE 2138....NEXT TARGET MAY BE 2150.

ULTIMATE TARGET 2085 - 2070  IN INTRADAY OR IN COMING DAYS.?????

LAST CLOSE @ 239

STRONG SUPPORT @ 236 . SO EVEN IF TRADE ABOVE 239....IT IS GOOD TO BUY THIS LEVEL FOR TARGET 

243 - 249 WITH STOP LOSS BELOW 236.

TRADE BELOW 239....PRICE MAY TOUCH 236 - 234 LEVELS.

STRONG SUPPORT @ 236 - 232

MAIN RESISTANCE @ 252