SBI - AXIS - ICICI - JSW STEEL ANALYSIS FOR 10/07/12

LAST CLOSE @ 930

YESTERDAY WRITTEN...  EXPECT SOME PROFIT BOOKING @ 945 LEVELS....AND MAIN SUPPORT @ 924

HIT HIGH 943.... U TURN.....AND FREE FALL TO 924.

TODAY ,  WHAT TO EXPECT?

TRADING ABOVE  930....BULLS TAKE TO 938  AND 943......AND NEXT HURDLE @ 953.

SUPPOSE  PRICE FAILS TO TRADE ABOVE 930......THEN VITAL SUPPORT @ 924 AND 912.

LAST CLOSE @ 2210

YESTERDAY INDICATED.....TRADING BELOW 2222.....WILL TAKE TO 2205 AND 2190 LEVELS. 

YESTERDAY SBI LOW IS 2193.

TODAY...IF BULLS CAN TRADE ABOVE 2210....CAN SEE RALLY UPTO 2219 AND 2229.

ABOVE 2229....NEXT HURDLE @ 2237

SUPPOSE ....TRADE BELOW  2205.....SUPPORT @ 2190 -  2186 - 2177

LAST CLOSE @ 1036

TRADING ABOVE 1036....WILL TAKE TO  1043 - 1048.

THEREAFTER....1052 WILL ACT AS RESISTANCE.

MAIN SUPPORT @ 1028 - 1023 - 1016

LAST CLOSE @ 704

RESISTANCE @ 712 - 720 - 727

SUPPORT @ 699- 692 - 686