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

LAST CLOSE @ 2165

RESISTANCE @ 2192 - 2218 - 2237

SUPPORT @ 2156  -2132 - 2120

DARK CLOUD PATTERN IN DAILY CHART...INDICATES REVERSAL..

EXPECT FALL FROM HERE

CLOSING BELOW 2120 FAVOURING  BEARS

LAST CLOSE @ 827

RESISTANCE @ 837 - 840 - 849

SUPPORT @ 823 -815 -813

TECHNICALLY WEAK

TRADING BELOW 840 ...SHOWING BEARS IN POWER...

ULTIMATE TARGET 810 - 796

LAST CLOSE @ 1037

RESISTANCE @ 1058 - 1062 -1072

SUPPORT @ 1031 - 1021 - 1019

TECHNICALLY WEAK....IF PRICE TRADE BELOW 1057...

CLOSE BELOW 1018....WILL TELL US THAT....AXIS BANK IS READY FOR CORRECTION UPTO 998 -996 LEVELS.

LAST CLOSE @ 333

RESISTANCE @ 344 - 350 - 355 U

SUPPORT @ 326 - 317  -305

AVOID BUYING...IF PRICE TRADE BELOW 326...

BREAK AND CLOSING BELOW 326....THEN NEXT TARGET MAY BE 313 - 310 LEVELS...

LAST CLOSE @ 510

RESISTANCE @ 516 - 522 - 530

SUPPORT @ 500 - 491 -478

TRADING BELOW 500...LEAD SHARP FALL....ULTIMATE TARGET MAY BE...

488 - 474