AXIS - ICICI - SBI ANALYSIS FOR 19/07/12

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LAST CLOSE @ 1038

YESTERDAY  WRITTEN....ABOVE 1030....TAKE TO 1040...AND INDICATED STRONG SUPPORT @ 1023

MADE HIGH 1042

MADE LOW 1023

TODAY, IF PRICE CAN TRADE ABOVE 1038....MINOR RESISTANCE @ 1042....CROSSOVER 1042....SEE THE REAL POWER OF BULLS....CAN SEE RALLY UPTO 1050.....THEREAFTER 1058 AND 1062.

BELOW 1038...MAIN SUPPORT @ 1030 AND 1023

YESTERDAY INDICATED....TRADING BELOW 2200....WILL TAKE TO 2178 AND 2171 LEVELS.

HIT LOW 2162

TODAY,WHAT TO EXPECT ?

ONCE BREAK 2181 WITH VOLUME..THEN SEE NON SLIDE UPTO 2171 - 2160 LEVELS.

ABOVE 2186....CAN SEE FIRE WORKS UPTO 2197 - 2204 LEVELS.

THEREAFTER...2212 AND 2219 ARE HURDLES.

LAST CLOSE @ 939

RESISTANCE @ 945 - 950 - 957

SUPPORT @ 935 - 931 - 924