SBI - AXIS - ICICI BANK ANALYSIS FOR 2/07/12

LAST CLOSE @ 1016

TRADING ABOVE  1016....WILL TAKE TO 1021 - 1029.

IF BULLS CAN SUSTAIN AND CLOSE ABOVE  1016....WE CAN SEE 1034....IN INTRADAY  OR IN COMING DAYS .

SUPPOSE TRADE BELOW 1015....THEN BEARS TARGET MAY BE 996 - 990 LEVELS.

LAST CLOSE @ 900

STIFF RESISTANCE IN BETWEEN 905 - 914 LEVELS.

BEFORE ANY UPSIDE MOVE ABOVE 914....EXPECT SOME CORRECTION.

TRADING BELOW 900....SUPPORT @ 895 - 890 - 883 LEVELS.

LAST CLOSE @ 2159

IF BULLS CAN TRADE ABOVE 2160....WITH VOLUME  FOR 10- 15 MINUTES....WE CAN SEE 2170 - 2185 IN INTRADAY.

THEREAFTER 2192 - 2200 NOT RULED OUT.

BELOW 2160...SUPPORT @ 2138 - 2127 - 2120 LEVELS.