SBI - AXIS BANK - INFOSYS ANALYSIS FOR 20/07/12

YESTERDAY WRITTEN...ONCE BREAK 2181....CAN SEE NON STOP SLIDE UPTO 2160 LEVELS.

HIT LOW 2154

TODAY, WHAT TO EXPECT.???

LAST CLOSE @ 2158

IF PRICE CAN TRADE AND SUSTAIN ABOVE 2162 WITH VOLUME FOR 10 MINUTES..THEN BULLS MAY TRY TO HIT 2180.

ALERT !!!!!

TECHNICALLY VERY WEAK....TRADE BELOW 2154......FOR 10 MINUTES....CAN SEE FREE FALL UPTO 2135 - 2127 LEVELS IN INTRADAY.

SUPPOSE CLOSING BELOW 2135....THEN ULTIMATE TARGET MAY BE...?????

YESTERDAY INDICATED.....TRADE ABOVE 1038......SEE RALLY UPTO 1058 - 1062 LEVELS

HIT HIGH 1067

TODAY, WHAT TO EXPECT.???

LAST CLOSE 1057

STIFF RESISTANCE @ 1081

STRONG SUPPORT @ 1050

TRADING ABOVE 1058.....TRY TO TOUCH 1062 AND 1067 IN INTRADAY

THEREAFTER HURDLE @ 1072

SUPPORT @ 1050 AND 1045

LAST CLOSE @ 2245

IF PRICE CAN TRADE AND SUSTAIN ABOVE 2250......HOLD IT FOR TARGET 

2259 AND 2280 LEVELS