SBI - AXIS - RELIANCE CAPITAL ANALYSIS FOR 04/07/12

LAST CLOSE @ 2187

YESTERDAY INDICATED...TRADING ABOVE 2185 WILL TAKE TO 2200 - 2212.....Y'DAY MADE HIGH 2204

TODAY TRADING ABOVE 2190...WILL TOUCH 2197 - 2204 LEVELS AND RESISTANCE @ 2212 AND 2218

IN COMING DAYS ULTIMATE TARGET MAY BE 2244

MAIN SUPPORT @ 2138

BREAK BELOW 2185....WILL TAKE TO 2177 - 2170.

THEREAFTER 2160 -AND 2150 ARE TARGETS FOR BEARS.

LAST CLOSE @ 1044

Y'DAY INDICATED....IF BULLS CAN TRADE ABOVE 1030....WE CAN SEE 1039 AND 1054.

YESTERDAY MADE HIGH 1050

TODAY....TRADING ABOVE  1045...BULLS MAY KISS 1050 - 1054

ABOVE 1054.....NEXT RESISTANCE @ 1060

TRADING BELOW 1044...WITH VOLUME FOR 5 -10 MINUTES.....BEARS MAY TRY TO EXTENT THE FALL UPTO 1038 - 1033 LEVELS.

THEN 1020 IS THE TARGET FOR BEARS.

LAST CLOSE @  377

EXPECT SOME CORRECTION IN BETWEEN 381 AND 385 BEFORE ANY UPMOVE.

RESISTANCE @ 381 - 392 - 396

SUPPORT @ 370 364 - 360