SBI-AXIS-ICICI-RELCAP-RELINFRA ANALYSIS FOR 4/06/12

LAST CLOSE @ 2028

RESISTANCE @ 2038 - 2081 - 2096

SUPPORT @ 2017 - 1986 - 1976 - 1960

IF PRICE TRADE BELOW 2096.....BEARS MAY TRY TO KISS 1976 - 1960 LEVELS SOON.

MAIN SUPPORT @ 1960 - 1920

LAST CLOSE @ 782

RESISTANCE @ 799 - 802 - 806

SUPPORT @ 768 - 762 - 750

TECHNICALLY VERY WEAK.

BULLS NEED TO CLOSE ABOVE 812 FOR ANOTHER UP MOVE.

LAST CLOSE @ 965

TRADING BELOW 991 INDICATES WEAKNESS.

MAIN SUPPORT @ 922

INITIATE BUY POSITION ONLY ABOVE 991

LAST CLOSE @ 299

RESISTANCE @ 304 - 312 - 314

SUPPORT @ 290 - 285 - 282

TRADING BELOW 304 INDICATES BEARS IN POWER.

MAIN SUPPORT @ 282

LAST CLOSE @ 430

RESISTANCE @ 440 - 453 - 457

SUPPORT @ 427 - 422 - 412

CHART INDICATES TECHNICALLY WEAK.

INITIATE BUY POSITION ONLY ABOVE 461

MAIN SUPPORT @ 422

LATS CLOSE @ 225

RESISTANCE @ 230 - 236 - 239

SUPPORT @ 220 - 216 - 212

MAIN SUPPORT @ 220

CLOSING BELOW 220...MAY LEAD TO 213 - 200 LEVELS SOON..