AXIS - ICICI - SBI - RELIANCE INFRA ANALYSIS FOR 27/06/12

LAST CLOSE @ 1003

TRADING BELOW 1003...PRICE MAY CORRECT TO 994 - 990 LEVELS.

PRICE CROSSOVER 1007...MAY TAKE TO 1015 - 1017 LEVELS.

MAIN SUPPORT @ 990 - 982

MAIN RESISTANCE @ 1015 - 1017

LAST CLOSE @ 844

IF PRICE TRADE ABOVE 844....CONSIDER BUY AT THIS LEVEL WITH TARGET OF 851 - 854 AND 858 WITH STOP LOSS BELOW 838

IF PRICE BREAK BELOW 838...MAY SLIDE TO 833 - 830 LEVELS.

STIFF SUPPORT @ 838

LAST CLOSE @ 2113

DOJI  PATTERN FORMED IN CHART MEANS INDECISION BETWEEN BULLS AND BEARS.

TRADING BELOW 2113...INDICATES BEARS IN POWER...MAY FALL UPTO 2096 - 2085 LEVELS.

SUPPOSE PRICE CAN SUSTAIN ABOVE  2115....BULLS MAY TRY TO KISS 2132 - 2140 LEVELS.

CROSSOVER ABOVE 2140....THEN NEXT TARGET MAY BE 2150.

MAIN SUPPORT @ 2085 - 2075

MAIN RESISTANCE @ 2140

LAST CLOSE @ 534

FAVORING BULLS IF PRICE TRADE ABOVE 534....MAY HIT 539 -543 LEVELS.

THEREAFTER TARGET MAY BE 547 - 550 LEVELS.

BREAK BELOW 534.....WILL TAKE TO 527 - 523 - 520 LEVELS.