SBI - AXIS - ICICI ANALYSIS FOR 05/07/12

LAST CLOSE @ 2225

YESTERDAY INDICATED....TRADING ABOVE 2190 WILL TAKE TO 2218 AND  WE CAN SEE 2244 IN COMING DAYS.Y'DAY MADE HIGH 2230 .

TODAY ABOVE 2225... BULLS TRY TO HIT 2235  - 2244 LEVELS.

THEREAFTER 2256 TARGET FOR BULLS.

BELOW 2225....BEARS MAY TAKE TO 2200 - 2190 LEVELS.

BELOW 2190....NEXT SUPPORT @ 2177.

LAST CLOSE @ 1041

YESTERDAY BOLDLY WRITTEN....ABOVE 1045....MAY KISS 1050 - 1054 LEVELS.

HIT HIGH 1052

TODAY  TRADING ABOVE 1040....WILL TAKE TO 1053 - 1063 LEVELS.CROSSOVER 1063....MAY HIT 1072

BELOW 1054....BEARS IN POWER.

TODAY 1040....BEARS MAY EXTENT THE FALL UPTO 1033 - 1023

BREAKDOWN BELOW 1023.....WILL TOUCH 1015

LAST CLOSE @ 903

RESISTANCE @ 912 - 918 - 923

SUPPORT @ 896 - 884 - 877